Energy In-depth: Lower Tax Revenues Surfacing In Top Oil And Natural Gas States

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EIA SAYS TOP OIL AND NATURAL GAS STATES STARTING TO SEE LOWER TAX REVENUES
The decline in spot oil prices in the last half of 2014 and first month of 2015 has reduced oil and natural gas production tax revenues in some of the largest oil- and natural gas-producing states, according to a report Thursday by the U.S. Energy Information Administration.

Texas, North Dakota, Alaska, and Oklahoma are four of the five top oil- and natural gas-producing states, and they derive a significant share of their unrestricted operating revenues from taxes on oil and natural gas production. See the report here.

OILFIELD COMPANIES FEEL PAIN OF WEAK OIL AND GAS FUTURES
Weak commodity prices are causing oil and gas producers and related oilfield and drilling specialty firms to revisit their earlier announced 2015 capital plans, including a growing number of companies that operated in the shale play. How could that impact companies with operations in Arkansas? Find out more here.

SOUTHWESTERN ENERGY SLASHES FAYETTEVILLE SHALE BUDGET
This story has continued to drive tremendous readership to our web site for the past week. A top Wall Street analyst said the Fayetteville Shale and other aging dry gas shale plays have had a good run over the past several years, but added “they can’t compete” with shale plays that produce both crude oil and wet natural gas.

Oppenheimer Managing Director Fadel Gheit provided his analysis of the Fayetteville Shale as Southwestern Energy Corp. and BHP Billiton have drastically cut their investments in the Arkansas shale play.

Read this deep analysis on Arkansas’ natural gas sector at this link.