Our Thoughts On

Record Low Oil Prices Affect Standard Mileage Rate and Social Security Benefits

Oil prices continue to plummet due to record production and weak demand. Production increases in North America are attributable to the various shale plays

Oil and Gas Investor Subject to Self-Employment Tax for Fractional Working Interest Ownership

A recent court case, Methin v. Commissioner, T.C. Memo 2015-81, ruled that an investor’s small (at times 5% or less) share of a working interest

EPA Assessment Finds Hydraulic Fracturing to Cause No Impact on Drinking Water

EPA assessment finds "no evidence of hydraulic fracturing activities causing widespread, systemic impact on drinking water resources in the United

Pennsylvania Natural Gas Producers Wary of Severance Tax

Tom Wolf was sworn in as Pennsylvania’s 47th Governor on January 20, 2015. In fulfillment of his campaign promise, and after less than a month in