U.S. OCS Upstream Fiscal and Regulatory Report – US Administration Opens Up Federal Waters for Exploration
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Energy supply and security are prioritized under the current president of the United States of America, manifested in the executive order “America First Offshore Initiative”. Based on his executive order, the BOEM has published a first draft of the 2019-2024 lease sale program, which would open up about 98% of the OCS, including the Gulf of Mexico, offshore Alaska plus the Atlantic and Pacific Ocean. Apart from easing regulations, the Tax Cuts and Jobs Act of 2017 reduced the fiscal burden by lowering the corporate income tax from 35% to 21% and introducing an accelerated bonus depreciation of 100% between 2018 and 2022. On the downside, the Act caps the carry-loss-forward from 100% to 80% and eliminates the carry-back.
“U.S. OCS Upstream Fiscal and Regulatory Report – US Administration Opens Up Federal Waters for Exploration”, presents the essential information relating to the terms which govern investment into United States’s upstream oil and gas sector. The report sets out in detail the contractual framework under which firms must operate in the industry, clearly defining factors affecting profitability and quantifying the state’s take from hydrocarbon production. Considering political, economic and industry specific variables, the report also analyses future trends for United States’s upstream oil and gas investment climate.
Scope
Overview of current fiscal terms governing upstream oil and gas operations in United States
Assessment of the current fiscal regime’s state take and attractiveness to investors
Charts illustrating the regime structure, and legal and institutional frameworks
Detail on legal framework and governing bodies administering the industry
Levels of upfront payments and taxation applicable to oil and gas production
Information on application of fiscal and regulatory terms to specific licenses
Outlook on future of fiscal and regulatory terms in United States
Reasons to Buy
Understand the complex regulations and contractual requirements applicable to United States’s upstream oil and gas sector
Evaluate factors determining profit levels in the industry
Identify potential regulatory issues facing investors in the country’s upstream sector
Utilize considered insight on future trends to inform decision-making
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Frequently asked questions
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