Patrick John Flueckiger
Attorney For Texas Land and Mineral Owners
Patrick Flueckiger represents owners of land, mineral interests, and producing properties in Texas.
Leasing and managing property for oil & gas exploration and production activities has significant financial implications for the interest owner. In signing a lease, the owner of the interest conveys their rights in the minerals in exchange for a contractual right to share in the production from the property. Therefore, it is essential to ensure that the lease contract is written and enforced to protect the owner's rights for years to come. A lease can stay in force for decades, theoretically forever, without any opportunity for the property owner to renegotiate the terms.
There is no charge for initial consultations with us. We want you to be confident in our services, and we want to ensure we can add value to your matter.
Depending on the type of matter, we offer a variety of fee structures to ensure our services are cost-effective for mineral interests of all sizes.
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 eventually (depletes), the tax code allows the taxpayer to take a deduction to recoup the taxpayer’s investment in the property. The rationale behind this deduction is that, as an owner receives income from a producing mineral interest, the value of…