Internal Revenue Code (“Code”) §45Q allows taxpayers a credit against income tax for carbon oxide sequestration activities. This bipartisan legislation is backed by various stakeholders, including federal and state government agencies, major oil companies, engineering firms, start-ups and private equity investments. Initially enacted in 2008 (P.L. No. 110-343, §115), this…
W. Lynn Loden, CPA, is a Managing Director at Opportune LLP. Prior to joining Opportune over 10 years ago, he reached the partner level in the Houston, Texas offices of Arthur Andersen LLP and Deloitte Tax, focusing on M&A, structured finance, and energy. He holds active CPA licenses in the States of Texas and Mississippi and currently holds FINRA Series 79 and 63 licenses.
- W. Lynn Lodenhttps://energiesmedia.com/author/w-lynn-loden/
- W. Lynn Lodenhttps://energiesmedia.com/author/w-lynn-loden/
Oil and gas operations are commonly found in remote locations far from company headquarters. Now, it's possible to monitor pump operations, collate and analyze seismic data, and track employees around the world from almost anywhere. Whether employees are in the office or in the field, the internet and related applications enable a greater multidirectional flow of information – and control – than ever before.