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Lavaca County

Discuss leasing, drilling and production in Lavaca County.

Members: 23
Latest Activity: Aug 28, 2017

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Penn Virginia Lease in Komensky Area

Started by Michelle. Last reply by Keda Dec 12, 2013. 6 Replies

I woul like to know if 1500.00 an acre and 25% royalty is a good offer. Should I ask for 1800.00 an acre. This is a Penn Virginia lease. Honest answers please.Continue

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Comment by myron ullman on July 1, 2013 at 11:49pm

Was wondering what type of activity is going on around Lavaca county these days ? My mother sold her farm several years ago and received a really good lease check about 2 and a half years ago.. ZaZa energy took over the lease about 6 months ago but haven't heard much since then...Was curious if they would maybe extend or pick up the lease again when it runs out at the end of the year...Her land is located around the Sweet Home area..Has anyone else out there ever dealt with ZaZa energy before?? Any info would be helpful as my mother lives in Austin now after spending most of her life in Shiner..Thanks !

Comment by LBS on July 2, 2013 at 8:20am

Myron my family owns land near Shiner off of Hwy. 95 and Dolezal Drive and we just picked up a lease.  I know that I have heard that Penn Virginia for instance is renewing leases but I'm not sure about anyone else.  Maybe someone else on the forum can speak to that.. 

Comment by Chris on April 17, 2014 at 10:56am

Myron, your post is several months old but Zaza sold everything they had to Sanchez.

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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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