DYLAN WADDLE

Deep Water Royalty Relief - HR6 Minerals Management Service Proposed Rule, Relief or Reduction in Royalty Rates – Deep Water Royalty Relief for OCS Oil and Gas Leases Issued after 2000. Drilling APD’s National Environmental Protection Agency’s water discharge permits in Wyoming Land Access Lobbied for fewer regulations restricting natural gas drilling on federal land in the Rocky Mountain States and throughout the West. Endangered Species Act Reform Establish well-defined scientific standards for listing critical habitat. Coastal Zone Management Act The Coastal Zone Management Act (CZMA) requires that all federally permitted activities in the federal OCS be consistent with an affected state's coastal zone managment plan

New Mexico and Wyoming BLM Lobbied for additional funding for both the New Mexico and Wyoming BLM field offices.

Tax Loophole for Manufacturing H.R. 6 will eliminate a current manufacturing deduction loophole which encourages domestic production. This deduction helps fund the hiring of additional workers and levels the playing field with less-taxed foreign competitors. Geological & Geophysical Amortization H.R. 6 rolls back tax breaks for geological studies for oil exploration. Intangible Drilling Cost Deduction/Expense This deduction directly impacts the cost of drilling wells which includes costs associated with laborers, technicians, contractors, pipe, rigs, casing, tubing, equipment leasing, etc. Deferral of U.S. taxes on Foreign Extraction Income This impacts earnings from foreign operations, as we are not currently taxed by the U.S. until these funds are repatriated via cash or property. Windfall Profits Tax With record earnings in the oil and gas industry, Congress has speculated that a Windfall Profits Tax may be appropriate.