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If oil and gas valuations are significantly reduced, what could happen in terms of the tax impact?

April 26, 2017Gas impact Oil reduced significantly tax terms valuations

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If oil and gas valuations are significantly reduced, what could happen in terms of the tax impact?

1 Answer

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Although natural gas production has historically trended upwards with time, the price at which the natural gas produced is sold can vary significantly from year to year. For this reason, the Board expects that LAPLAWD’s property tax revenue may vary significantly from year to year and that this will require that the construction of new facilities be conservatively financed to anticipate these variables.