Friday, May 15, 2026
Wyoming Files Suit Opposing BLM Rule on Flaring - Oil & Gas 360

Tax Reforms are on the Table as Oil Producing States Feel the Squeeze

Oil Producing States Fare Differently in Period of Lower Prices It should be no secret that the oil and gas industry tends to carry the heaviest tax burden amongst industries. As oil prices have slid, many oil-producing states have felt significant tax revenue losses and are being forced to come up with new ways to finance spending, including raising taxes.