Inflation Reduction Act: all bark and no bite for upstream
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
Table of contents
- Executive Summary
- The Inflation Reduction Act in name only?
- Increased tax burden obscures reality
- Royalty change is expected
- Bonus and rental minimums increase – but not by much
- The future of renewables tied to traditional energy acreage
- Methane fees introduced
- Biden’s bite of buybacks begins
- Limited upstream impact for now
Tables and charts
This report includes the following images and tables:
- Build Back Better and Inflation Reduction Act comparison
- Inflation Reduction Act revenue and spending breakdown
- Simplified example of tax basis calculations
- Economic impact of federal royalty increase on government acreage type wells
- Bid and bonus change summary
- Bonuses paid for federal onshore acreage since 2019
- Methane fee price over time
- Shareholder payouts through Q2 2022
What's included
This report contains:
Other reports you may be interested in
North America levelised cost of electricity 2023 (LCOE)
This annual report provides analysis of power technology and generation cost trends in the United States.
$15,000Offshore costs outlook H1 2025: inflation continues to ease
Short-term cost inflation outlook
$1,350Class of 2025: benchmarking this year's upstream FIDs
We benchmark the major oil and gas projects seeking FID in 2025 on economic and emission metrics.
$1,350