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Government Revenue from the Oil and Gas Industry
April 21, 2013 | ExxonMobil Perspectives

“The oil and gas industry pays the federal government approximately $86 million a day – or about $31 billion a year – in rents, royalties, bonuses and corporate taxes. That doesn’t even include the payments made at the local and state levels.”


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Severance Tax on the Marcellus Shale?
March 29, 2014 | National Public Radio
The Commonwealth of Pennsylvania does not have a severance tax that would collect revenue from oil and natural gas production. Although other taxes are levied on energy companies the state has one of the lowest effective tax rates on drilling in the United States.

Oil Company Subsidies?
January 25, 2013 | ExxonMobil Perspectives
A short article by Ken Cohen, Vice President of Public and Government Affairs at Exxon Mobil, explains why he does not believe that the United States government is subsidizing the oil industry. A quote from the article.... "At times, the industry is actually sending more to local, state and federal governments in taxes and fees than what it earns in the United States."

Giving States a Cut of Offshore Oil Revenue
July 15, 2013 | TheHill.com
"Senate legislation introduced Wednesday would for the first time award money to all coastal states for energy produced off their shores." Quoted from "TheHill.com"


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