With the global oil surplus at record levels and the current $12-per-barrel price of oil expected to drop below zero again in the coming month, the state must suspend—rather than delay—severance tax collections, while also addressing ongoing coastal lawsuits and exploring more regulatory relief options in order to keep Louisiana’s oil and gas industry afloat.
Louisiana Oil and Gas Association says severance taxes must be suspended
Sign up for the free Daily Report email – local news about the people, companies and issues that impact business impact business in Baton Rouge and beyond.
