I don’t know what the economics look like, but I think the goal is to eliminate deadweight loss from the tax, such that if that tax were imposed only 20% of wel

I don’t know what the economics look like, but I think the goal is to eliminate deadweight loss from the tax, such that if that tax were imposed only 20% of wells would be economic, vs say 60%. Furthermore i would presume there is tax revenue and jobs associated with these operations that don’t exist were the gas just flared.