Energy

Industrial Carbon Capture and Sequestration Tax Credit

Carbon capture and sequestration is the process of separating carbon dioxide (CO2) from combusted fossil fuels, pumping it deep inside the earth, and leaving it stored in underground geologic formations such as exhausted oil and gas fields. The technology is predominantly designed to be used with coal, coal-to-liquid, or natural gas plants to decrease their […]

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Gas Royalty Relief – Deep and Shallow Water Gas

Oil and gas companies that drill on public lands or in federal waters pay royalties for the oil and gas they extract. The amount of royalties they pay depends on the amount extracted, the market price for oil and gas, and the royalty rate. In 2004, the Department of the Interior used its authority under […]

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Fuel Cycle Research and Development

The Fuel Cycle Research and Development program (formerly the Advanced Fuel Cycle Initiative) supports long-term research and development of nuclear fuel and waste management technologies. The goal of the program is to develop and demonstrate advanced, proliferation-resistant fuel management technologies and to reduce nuclear fuel waste. This program was first established in 2001.

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Fossil Energy Research and Development Program

In the Department of Energy (DOE), the Office of Fossil Energy manages the Fossil Energy Research and Development Program (FER&D), which includes the Carbon Capture, and Storage (CCS) Demonstration Programs; CCS and Power Systems Program; and Natural Gas Technologies R&D program. CCS is the process of separating carbon dioxide from fossil fuels, pumping it deep […]

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Explensing of Exploration and Development Costs, Other Fuels

Established for this category in 1966, the expensing of costs associated with exploration and development refers to the ability of some extractive industries to fully deduct these costs from their taxable income immediately or as they are incurred rather than waiting for those activities to generate income. This is an exception to general tax rules, […]

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Expensing of Tertiary Injectants

Tertiary recovery, sometimes called “enhanced oil recovery,” refers to a variety of methods used to increase the productivity of an oil and gas reservoir by injecting materials into the formation to increase the reservoir pressure, increase the mobility of the remaining hydrocarbons within the formation, or increase separation between injected fluids (used for secondary recovery) […]

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Expensing of Exploration and Development for Non-fuel Minerals

Expensing of costs associated with exploration and development refers to the ability of some extractive industries to fully deduct these costs from their taxable income immediately or as they are incurred rather than waiting for those activities to generate income. This is an exception to general tax rules, which normally require companies to capitalize these […]

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Expensing of Exploration and Development Costs, Oil and Gas

Expensing of costs associated with exploration and development refers to the ability of some extractive industries to fully deduct these costs from their taxable income immediately or as they are incurred rather than waiting for those activities to generate income. This is an exception to general tax rules, which normally require companies to capitalize these […]

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