Pioneer CEO: New Tax Bill Could Put Small Drillers In Jeopardy ...Middle East

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Pioneer CEO: New Tax Bill Could Put Small Drillers In Jeopardy
source : OILPRICE ( Middle East ) () 29
U.S. lawmakers’ proposal for a new minimum tax on corporations and methane emissions fees could squeeze small oil and gas companies, according to Pioneer’s CEO Scott Sheffield. The Inflation Reduction Act, which the U.S. senate passed this week, will soon go before a House vote. If passed, thousands of small U.S. drillers could be in jeopardy, Sheffield told Bloomberg Markets: European Close this week. According to Sheffield, the new minimum tax and methane emissions fees could ultimately wind up curtailing the number of wells that…

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