Anyone have any spud dates,completion dates, or any information on Steen Scruggs 6H, 7H, 8H, 9H, 18H, 19H, or 20H.  I know that they are all permitted. I am hopeful that with the rise in the price of oil that EOG would start drilling  again on this lease .THANKS in advance , BB

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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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