Discussing the Eagle Ford Shale, Pearsall and Permian plays.




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LaSalle County Activity

Started by terry avey in General. Last reply by terry avey yesterday. 7 Replies

Allocation Wells

Started by DJC in General. Last reply by Patrick Flueckiger Feb 15. 1 Reply

Pioneer to Focus on Permian

Started by Keith (Site Publisher) in General Feb 15. 0 Replies

Prices React to Rig Count

Started by Keith (Site Publisher) in General Feb 12. 0 Replies

Statoil: Oil to remain under $70.

Started by Keith (Site Publisher) in General Feb 8. 0 Replies

U.S. Sells Oil in Middle East

Started by Keith (Site Publisher) in General Feb 8. 0 Replies

Permian Gains 18 Rigs

Started by Keith (Site Publisher) in General Jan 29. 0 Replies

$80 Oil Coming Soon?

Started by Keith (Site Publisher) in General. Last reply by James C. Maxwell Jan 29. 8 Replies

60% of Oil is Hedged

Started by Keith (Site Publisher) in General Jan 2. 0 Replies

Cabot selling Eagle Ford assets!

Started by J Crawford in General. Last reply by Mark Dec 22, 2017. 3 Replies

Not the best news when you have a glut...

Started by Keith (Site Publisher) in General Dec 15, 2017. 0 Replies

Oil industry to spend $100 billion in 2018

Started by Keith (Site Publisher) in General Dec 15, 2017. 0 Replies

Rig Count: Permian +4, Haynesville +3

Started by Keith (Site Publisher) in General Dec 4, 2017. 0 Replies

OPEC Watch: Nov 30

Started by Keith (Site Publisher) in General Nov 28, 2017. 0 Replies

Rig Count: U.S. +8 to 923 rigs

Started by Keith (Site Publisher) in General Nov 22, 2017. 0 Replies

The Eagle Ford Shale is back, kind of

Started by Keith (Site Publisher) in General. Last reply by Mark Nov 20, 2017. 1 Reply

 
 
 

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Cost Depletion: A Valuable Tax Deduction for Royalty Owners

Posted by Patrick Flueckiger on February 12, 2018 at 10:30am 0 Comments



Background:
 The Internal Revenue Code allows a deduction known as “depletion” for oil & gas income. The depletion deduction could save a taxpayer thousands of dollars in income taxes. Since a mineral interest runs out…

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