terry avey
  • Austin, TX
  • United States
  • Mineral owner for a 1000 acre ranch…
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terry avey's Discussions

LaSalle County Activity

Started this discussion. Last reply by terry avey yesterday. 7 Replies

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 four more wells with laterals that are about three times longer…Continue

 

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Tell us your Eagle Ford story...
Mineral owner for a 1000 acre ranch in La Salle cty leased out to Chesapeake with five producing wells in operation.

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Blog Posts

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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