OIL2204. State and Local Tax - Severance and Ad Valorem Considerations in High Commodity Prices

This session will review the impacts and issues that arise in severance and ad valorem tax in a high commodity price environment. 

Learning Objectives:

• Recognize recommended practices of calculating and projecting production taxes
• Determine how companies can reduce production tax liabilities through deductions, exemptions, and tax rates
• Identify new and potential tax policy changes that may impact production taxes