Drill Deeper

Drill Deeper

News and Updates on Oil & Gas Legal Issues

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ALERT- Severance Tax Audit Update

Posted in Legal Updates, Tax

In December of 2017 and again in March of 2018 producers won victories in oil severance tax disputes with the Louisiana Department of Revenue before the Board of Tax Appeals and in the First Circuit Court of Appeal. The Department of Revenue, however, has appealed these rulings and continues to raise the same issues in… Continue Reading

Louisiana Severance Tax Incentives

Posted in News, Tax

While the standard severance tax rate in Louisiana is 12.5% on oil production, Louisiana law provides certain tax incentives depending upon the classification of the well being drilled.  Below is an overview of some of these severance tax incentives.  As noted below, there are several bills currently before the Louisiana legislature to alter these incentives.… Continue Reading