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Rig Count +29! Permian +10, Eagle Ford +3. Williston +4

Baker Hughes Rig Count: U.S. +29 to 975 rigs U.S. Rig Count is up 29 rigs from last week to 975, with oil rigs up 26 to 791, gas rigs up 3…

Started by Keith (Site Publisher) in GeneralLatest Reply

LaSalle County Activity

We have five wells on 1000 acres just west of Milet on FM 469 that is leased to CHK.  They recently notified us of their plans to drill fou…

Started by terry avey in GeneralLatest Reply

Cabot selling Eagle Ford assets!

I just read several articles about Cabot selling their Eagle Ford assets to Venado Oil & Gas LLC . Do any of you have any experience wo…

Started by J Crawford in GeneralLatest Reply

Discussions Replies Latest Activity

U.S. Rig Count Tops 1000

Baker Hughes Rig Count: U.S. +10 to 1,003 rigs U.S. Rig Count is up 10 rigs from last week to 1,003, with oil rigs up 11 to 808, gas rigs…

Started by Keith (Site Publisher) in General

1 Apr 12
Reply by Jiggs Cartwright

PV10 of a well (company presentation)

Say a company shows in a presentation that wells cost $10 million to drill and complete and the calculated PV10 is $5 million. What does th…

Started by Hale Yayuh in General

7 Mar 25
Reply by Hale Yayuh

Allocation Wells

When allocations wells are drilled and completed, are new Division Orders required since the original units presumably already have signed…

Started by DJC in General

8 Mar 16
Reply by Blake Cunningham

well spacing

we are in two producing units - one is 320 acre unit and the other is in a 333 acre unit; both with COP.  Both have one producing well.  Qu…

Started by erwin ckodre in General

21 Mar 15
Reply by Blake Cunningham

Burleson County

What is the drilling activity like in Burleson County South of HWY 21 between Dime Box and Caldwell?  I hear rumors of increased drilling i…

Started by Mark Luedke in General

2 Mar 13
Reply by Hale Yayuh

The Next Entrant in the Shale Revolution?

Saudi Aramco, the world’s largest oil exporter, is set to join the shale revolution with plans to start producing unconventional natural ga…

Started by Keith (Site Publisher) in General

1 Mar 8
Reply by Mark

Enhanced Oil Recovery

Does anyone know what method of "Enhanced Oil Recovery" EOG has been using in their EF trials as mentioned repeatedly in many of their pres…

Started by DJC in General

8 Mar 2
Reply by James C. Maxwell

Peak Shale in 2022?

While the EIA is not predicting what will happen, it is modeling possible production scenarios under certain assumptions. Under one of thos…

Started by Keith (Site Publisher) in General

0 Mar 1

Chesapeake shutting wells in

Heard from friend CHK has shut in some leases in west LaSalle County in the 469 area. Anybody else having their wells shut in. Rumor CHK ma…

Started by LEE W in General

1 Feb 28
Reply by Chaz

LaSalle County Activity

We have five wells on 1000 acres just west of Milet on FM 469 that is leased to CHK.  They recently notified us of their plans to drill fou…

Started by terry avey in General

7 Feb 20
Reply by terry avey

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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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