Pioneer CEO: Tax Bill Could Devastate Small-Time Oil Drillers in the U.S

More pressure will be placed on that little mom-and-pop independent, it is said.

According to one of the largest independent producers in the US, the proposed new minimum tax on businesses and fines for methane emissions, both of which are in a comprehensive package passed by the US Senate this week, might make life impossible for many tiny US oil and gas producers.

According to Scott Sheffield, CEO of Pioneer Natural Resou....