# 119-hr-8034: Protecting America’s Small Oil and Gas Producers and Rural Jobs Act

119-hr-8034, Protecting America’s Small Oil and Gas Producers and Rural Jobs Act, is a 119th Congress bill sponsored by Rep. Mann, Tracey [R-KS-1] (R-KS); status introduced; PRIA reads it as touching household money (as of 2026-09-21).

- Canonical: https://policyrisk.com/legislation/119-hr-8034
- As of: 2026-09-21
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: 119-hr-8034
- Congress: 119
- Title: Protecting America’s Small Oil and Gas Producers and Rural Jobs Act
- Status: introduced
- Introduced: 2026-03-20
- Sponsor: Rep. Mann, Tracey [R-KS-1] (R-KS)
- Cosponsors: 12
- Policy area: Taxation
- Touches household money: yes
- Last recorded action: 2026-09-21

## Summary

**Changes the percentage depletion calculation for marginal oil and gas wells.** This bill would set the applicable depletion rate at a 15 percent base plus 1 percentage point for each whole dollar that the prior calendar year reference price for crude oil falls short of $70, with a statutory cap so the rate may not exceed 25 percent.

## Cosponsors (12)

- Rep. Estes, Ron [R-KS-4] (R-KS), 2026-03-20T00:00:00.000Z
- Rep. Schmidt, Derek [R-KS-2] (R-KS), 2026-03-20T00:00:00.000Z
- Rep. Pfluger, August [R-TX-11] (R-TX), 2026-03-20T00:00:00.000Z
- Rep. Fallon, Pat [R-TX-4] (R-TX), 2026-04-13T00:00:00.000Z
- Rep. Hern, Kevin [R-OK-1] (R-OK), 2026-04-20T00:00:00.000Z
- Rep. Kelly, Mike [R-PA-16] (R-PA), 2026-04-28T00:00:00.000Z
- Rep. Moran, Nathaniel [R-TX-1] (R-TX), 2026-04-30T00:00:00.000Z
- Rep. McClintock, Tom [R-CA-5] (R-CA), 2026-07-14T00:00:00.000Z
- Rep. Carey, Mike [R-OH-15] (R-OH), 2026-07-16T00:00:00.000Z
- Rep. Boebert, Lauren [R-CO-4] (R-CO), 2026-07-20T00:00:00.000Z
- Rep. Fong, Vince [R-CA-20] (R-CA), 2026-08-31T00:00:00.000Z
- Rep. Kustoff, David [R-TN-8] (R-TN), 2026-08-31T00:00:00.000Z

## Provisions PRIA read

- Bigger tax deduction for small wells: benefit, high. If enacted, owners of small oil and gas wells would be able to claim larger percentage depletion deductions. The depletable quantity would increase from 1,000 barrels to 2,000 barrels. The depletion rate would be 15% plus 1 percentage point for each whole dollar that $70 exceeds the prior calendar…

## Related bills

- 119-hr-1502: North Platte Canteen Congressional Gold Medal Act
- 119-hr-1301: Death Tax Repeal Act
- 119-hr-425: Repealing Big Brother Overreach Act
- 119-hr-38: Constitutional Concealed Carry Reciprocity Act of 2025
- 119-hr-5267: American Franchise Act
- 119-hres-719: Honoring the life and legacy of Charles Charlie James Kirk.

## Sources
- [119-hr-8034 on Congress.gov](https://www.congress.gov/bill/119th-congress/house-bill/8034)

## Related
- [119-hr-1502: North Platte Canteen Congressional Gold Medal Act](https://policyrisk.com/legislation/119-hr-1502)
- [119-hr-1301: Death Tax Repeal Act](https://policyrisk.com/legislation/119-hr-1301)
- [119-hr-425: Repealing Big Brother Overreach Act](https://policyrisk.com/legislation/119-hr-425)
- [119-hr-38: Constitutional Concealed Carry Reciprocity Act of 2025](https://policyrisk.com/legislation/119-hr-38)
- [119-hr-5267: American Franchise Act](https://policyrisk.com/legislation/119-hr-5267)
- [119-hres-719: Honoring the life and legacy of Charles Charlie James Kirk.](https://policyrisk.com/legislation/119-hres-719)
- [All bills in Congress](https://policyrisk.com/legislation)

Source: PRIA, https://policyrisk.com/legislation/119-hr-8034 (as of 2026-09-21).