Changes to US tax law help shale wildcatters achieve record results
Tuesday, 03 April 2018
Record results in shale oil and gas output in Appalachia and the Permian basin have been helped by President Donald Trump’s latest changes to the US corporate tax law. Several shale gas drillers reported hundreds of millions in savings after being allowed to re-measure their net tax liabilities, and are now budgeting less tax expenses for the future. Production among American shale drilling companies, sampled by the consultancy Energy Aspects, grew by 1.6 Bcf/d, or 5% year-on-year and 0.5 bcf/d, or 2% quarter-on-quarter in Q4-2017.
| Subscriber content | ||
 This content is available only to subscribers please log in below or subscribe now / request a free trial |
||
|
|
||
font size
