Insights & Resources

The Fifth Circuit Court of Appeals and the U.S. Court of Federal Claims held that the blends of butane and gasoline would not be eligible for the alternative fuel mixture credit.

On March 24, 2022, the Fifth Circuit Court of Appeals found the federal oil spill tax under IRC Section 4611(b) unconstitutional when imposed on exports of crude oil from the United States.

“Flowback services” used to transition an oil and gas well to production after hydraulic fracturing are taxable as equipment rentals under the Texas Administrative Code.

For mid-stream oil and gas companies, vendor and procurement fraud is all too common and can lead to substantial harm.

NCAA member institutions are required to submit financial data detailing operating revenues and expenses related to its intercollegiate athletics program on or before January 15 after the end of the institution’s fiscal year.

The Biden administration has proposed to repeal a number of tax provisions that encourage direct investment in oil and gas properties as a way to offset the costs of extending and expanding clean energy tax provisions.