kittycatmama
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Gulf Coast Gas Corp., Samedan Oil, and the no. 1 Wohlgemuth Gas Unit in Jim Wells

Started this discussion. Last reply by kittycatmama Jul 27, 2017. 4 Replies

I have been going through my deceased dad's legal papers that I found in a locked suitcase in back of a closet. There was a division order and a sale of this unit from Samedan Oil to Gulf Coast. It…Continue

South Texas Duval, Jim Wells, Brooks Counties

Started this discussion. Last reply by Mark Jul 22, 2017. 3 Replies

In the 1940s there was an oil boom in this area. Why aren't they drilling for oil in these counties now?Continue

Small cap oil & gas stocks.Where do they go with oil prices dropping

Started this discussion. Last reply by Mike Oct 13, 2014. 3 Replies

We are invested in Abraxas, but that is one of many oil and gas stocks in the Oil Shale. Watching oil prices drop and stock prices drop is scary. Anyone care to comment on AXAS or other stocks and…Continue

Urban Oil and Gas Buys Apache's lease acreage in Duval County?

Started this discussion. Last reply by kittycatmama Jun 9, 2014. 15 Replies

Rumor going on down there that Urban has bought Apache's lease acreage. Anyone have any info to confirmContinue

 

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Tell us your Eagle Ford story...
I have about 100 acres unleased minerals in Duval & Jim Wells Counties

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At 11:36am on June 18, 2014, tom concklin said…

Kitty, I'm sorry it took me so long to get back to you. I've been out of town. I would be delighted to hear anything you might want to pass along.

 

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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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