USA

Country Information

Continent North America
GDP (2012 est.) $16.24 trillion (2012 est.)
Currency & Exchange Rate British pounds (GBP) per US dollar 0.63
Dialling Code
+1

Exploration & Production Companies

Anadarko Petroleum Corporation, Apache Corporation, Chevron Corporation, ConocoPhillips, Continental Resources, Devon Energy, EOG Resources, ExxonMobil, Greka Energy, Hess Corporation, HKN, Inc., Koch Industries, Laredo Petroleum, Linn Energy, Marathon Oil, Murphy Oil, Occidental Petroleum, Plains Exploration & Production, SandRidge Energy, Shell Oil Company, Vaalco Energy, Venoco, XTO Energy.

International Tax Regime

Residential and citizenship-based taxation. Citizens are taxed in the same manner as residents.

Witholding Tax

Crude oil - production(bbl/day) 11,110,000
Crude oil - exports(bbl/day) 41,640
Crude oil - imports(bbl/day) 9,213,000
Crude oil - proved reserves(bbl) 20,680,000,000
Refined petroleum products - production(bbl/day) 18,450,000
Refined petroleum products - consumption(bbl/day) 18,840,000
Natural gas - production(cu m) 681,400,000,000
Natural gas - proved reserves(cu m) 9,459,000,000,000

Income Tax Rates

  • Federal income tax rates – (single). Taxable income($): Tax
  • 0 – 8,700: 10% of taxable income
  • 8,700 – 35,350: $870 plus 15% of the excess over $8,700
  • 35,350 – 85,650: $4,867.50 plus 25% of the excess over $35,350
  • 85,650 – 178,650: $17,442.50 Plus 28% of the excess over $85,650
  • 178,650 – 388,350: $43,482.50 plus 33% of the excess over $178,650
  • Over 388,350: $112,683.50 plus 35% of the excess over $388,350

Individuals Are Regarded as Tax Residents If

US citizens and resident aliens are subject to tax on their worldwide income, regardless of source. US citizens and resident aliens may exclude up to £97,600 of their foreign-earned income. Residence for income tax purposes generally has no bearing on an individual's immigration status.

Oil fields greater than 1 billion barrels

Prudhoe Bay, Kuparuk oil, Alpine, Wilmington Oil, South Belridge Oil, Coalinga Oil, Elk Hills, Kern River, Midway-Sunset, Thunder Horse Oil, Kelly-Snyder / SACROC, Yates Oil, East Texas Oil, Spraberry Trend.

Location

 North America, bordering both the North Atlantic Ocean and the North Pacific Ocean, between Canada and Mexico.

CCL Country Manager

Contact Details


 

Name:

Direct:

Email:

LinkedIn:

Chris Maltby

+1 713 425 6304

chris.maltby@cclglobal.com

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CONTRACTS CONSULTANCY LTD
Tel: +44 (0) 208 333 4141
162-164 Upper Richmond Road,
London, SW15 2SL, UK
Oil & Gas Recruitment, Europe, Middle East, Africa, Asia

CCL CONTRACTS CONSULTANCY INC
Tel: +1 (0) 713 425 6304
11200 Richmond, Suite 430,
Houston, Texas 77082, USA
Energy Staffing Agency, North America, South America, Oceania