... receive in projects governed by fiscal arrangements such as Production Sharing Contracts (" PSCs "); b) ignores abandonment costs and income tax liabilities, even though these are real and often material cash outflows; and c) appears to ignore the time value of money. These shortcomings can cause the PRMS...

... systems with no sliding scales in any of their tax or production sharing contract terms will almost always enhance the value of the portfolio. scenario income tax project economics npv asset and portfolio management upstream oil & gas spe 94631 variation npv proper ring fence contract...

... concession petroleum company participation income tax international petroleum company mineral rights exploration contract public revenue upstream oil & gas arrangement development business us government economic development regulation asset and portfolio management Society of Petroleum...

...^ project economics dividend slaying upstream oil & gas spe 25842 project evaluation income tax investment capital budgeting constraint cashflow banking & finance decision maker capital budget constraint spe 25842 decision policy stockholder discount rate stockholder value project...

... in this example provides no new information since it was already known that the tax rate was 60%. P. 155^ private oil company true government take calculation exploration fiscal system income tax upstream oil & gas project economics after-tax profit tgt asset and portfolio management...

... Abstract This paper discusses the impact of taxes at the state and federal level on typical on-shore oil and gas exploration economics in the USA. Taxes considered are the windfall profits excise tax, state production (or severance) taxes, state income tax, production (or severance) taxes...