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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

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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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