Carried Interest Tweaks Would Imperil Oil and Gas, Producers Say

Changing the current treatment of carried interest in this year’s tax bill would hamper the long-term investments necessary to develop domestic oil and gas, producers and their private equity backers wrote to Republican congressional leadership and tax writers from Texas and Louisiana in letters obtained by Bloomberg Tax.

• Texas Independent Producers and Royalty Owners Association President Ed Longanecker and EnCap Investments L.P. Managing Partners Jason DeLorenzo and Douglas Swanson wrote April 11 to Sen. John Cornyn (R-Texas) on the Finance Committee and three Texas Republicans on the House Ways and Means Committee: House ...