Gas prices rising in Baton Rouge; up more than 10 cents in past week
BATON ROUGE - As pandemic restrictions ease and the economy returns to normal, gas prices are trending upwards throughout the U.S.
Source: wbrz.com
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Proposed tax changes for Louisiana oil & gas draw opposition
Proposed tax changes for Louisiana oil & gas draw opposition A proposal to simplify how Louisiana taxes oil and gas has drawn opposition from industry groups who say the changes could hurt natural gas producers. Louisiana’s severance tax on oil – the amount the state charges on oil extracted in the state – is 12.5 percent. That rate is higher than any other state except Alaska and triple the rate charged for natural gas, though when all taxes on oil are taken into account Louisiana is in the “middle of the pack,” said Greg Upton with the LSU Center for Energy Studies. Several lawmak...
Source: neworleanscitybusiness.com
Proposed tax changes for Louisiana oil and gas draw industry opposition
By David Jacobs | The Center Square (The Center Square) – A proposal to simplify how Louisiana taxes oil and gas has drawn opposition from industry groups who say the changes could hurt natural gas producers. Louisiana’s severance tax on oil – the amount the state charges on oil extracted in the state – is 12.5 percent. That rate is higher than any other state except Alaska and triple the rate charged for natural gas, though when all taxes on oil are taken into account Louisiana is in the “middle of the pack,” said Greg Upton with the LSU Center for Energy Studies. Several lawmake...
Source: bossierpress.com