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Tax incentives especially important to the oil and gas industry were up for modification if the tax plan were to move forward. The horizontal drilling and inactive well incentives are two examples of items that play a crucial role for our state’s economic development and their modification was a part of the conversation for saving money in the tax plan. Early on in the session, the Jindal tax plan was shelved, but budgetary talks continued as to how restructuring incentives might occur. However, by the end of session, no changes were made to the tax incentive structure. [http://ameratexoil.wordpress.com/ameratex-energy/ ameratex oil services]
Besides the vital incentives being on the table, many other bills were up for a vote that could have had a potential impact on the oil and gas industry. Bills that could have affected operator expenses, royalties, leases and water management did not pass or were turned into study resolutions. [http://ameratexoil.wordpress.com/ameratex-energy/ ameratex securities llc]
In addition to incentives and a broad range of bills, one package of bills in particular, was passed that will ensure additional safety of storage domes. The goal of these bills is to provide additional safeguards to our citizens from having to deal with another Bayou Corne incident that is still problematic for some Assumption Parish residents.

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