States producing gas and oil have long levied severance taxes at the point of extraction, commonly placing most revenues into general funds. These taxes have assumed new meaning in many states amid the expansion of gas and oil production accompanying the advent of hydraulic fracturing. We reviewed all major statutes and constitutional amendments related to severance taxes that were enacted at t...

We provide a model for analyzing effects of the tax system and spending programs on the determination of government spending and taxpayer welfare. An improvement in the efficiency of either taxes or spending would reduce political pressure for suppressing the growth of government and thereby increase total tax revenue and spending. We demonstrate the similarity of the political responses to rev...

The optimization of an oil and gas separation plant operating revenue has been performed for different characteristic reservoir fluid types (gas condensate, volatile oil, black oil) using ev...

This study examined the impact of oil and non-oil tax revenue on economic growth in Nigeria. few works have covered taxation relationship petroleum profit (PPT), company income (CIT), value-added (VAT) custom excise duties (CED) Real Gross Domestic Product The adopted an ex-post facto research design, data were drawn from annual reports Central Bank Nigeria Federal Inland Revenue Services publi...

This study estimates three hypotheses of OPEC behavior: market-sharing, target revenue and competitive model for the period 1980 to 2000 for all OPEC courtiers except Iraq. To examine co-integration relation for oil production, we use ADF test in OLS estimation. Also we use ARDL approach to examine these hypotheses and the long run relationship of them. Results indicate none of three hypotheses...