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Duval and north west Jim Wells Counties

I have friends in both counties who say they have been approached about leasing but that the landman could not divulge the company he repre…

Started by kittycatmama in GeneralLatest Reply

Rig Count +29! Permian +10, Eagle Ford +3. Williston +4

Baker Hughes Rig Count: U.S. +29 to 975 rigs U.S. Rig Count is up 29 rigs from last week to 975, with oil rigs up 26 to 791, gas rigs up 3…

Started by Keith (Site Publisher) in GeneralLatest Reply

LaSalle County Activity

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 fou…

Started by terry avey in GeneralLatest Reply

Discussions Replies Latest Activity

Allocation Wells

When allocations wells are drilled and completed, are new Division Orders required since the original units presumably already have signed…

Started by DJC in General

9 yesterday
Reply by DJC

$1.7 Billion lost from $55 hedged oil

Many top U.S. shale oil producers are missing out on the rally in oil prices to more than $70 a barrel - because they sold their oil throug…

Started by Keith (Site Publisher) in General

0 Jun 14

Check stub/payment confusion

Repeat of discussion from Hayneville site - accidentally got going in that blog group - copying back over here (EF) before continuing saga.…

Started by Kagay, et al in General

1 Jun 12
Reply by Kagay, et al

Duval and north west Jim Wells Counties

I have friends in both counties who say they have been approached about leasing but that the landman could not divulge the company he repre…

Started by kittycatmama in General

5 May 22
Reply by kittycatmama

ConocoPhillips Chooses Eagle Ford Over Permian: Here's Why

ConocoPhillips COP is giving more importance to the Eagle Ford shale play than the crowded Permian Basin, per Ryan Lance, CEO of the upstre…

Started by Keith (Site Publisher) in General

0 May 22

Eagle Ford, Not Permian, Hogs the Shale Boom Limelight

Rising Activities in Eagle Ford From minimal production since the start of 2009, daily production of oil in the Eagle Ford region is now he…

Started by Keith (Site Publisher) in General

0 May 22

The Permian Boom Causing a Natural Gas Bust

The oil industry is cruising. Producers are flocking to many oil rich plays, most notably the Permian Basin, Bakken, and Eagle Ford. Produc…

Started by Keith (Site Publisher) in General

0 May 22

ConocoPhillips focuses on Eagle Ford

Houston's ConocoPhillips is bucking the trend of churning as much oil out of the booming Permian Basin as possible, instead focusing on les…

Started by Keith (Site Publisher) in General

0 May 17

U.S. Rig Count Tops 1000

Baker Hughes Rig Count: U.S. +10 to 1,003 rigs U.S. Rig Count is up 10 rigs from last week to 1,003, with oil rigs up 11 to 808, gas rigs…

Started by Keith (Site Publisher) in General

1 Apr 12
Reply by Jiggs Cartwright

PV10 of a well (company presentation)

Say a company shows in a presentation that wells cost $10 million to drill and complete and the calculated PV10 is $5 million. What does th…

Started by Hale Yayuh in General

7 Mar 25
Reply by Hale Yayuh

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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



Owners of minerals and royalties may be interested to learn that the Internal Revenue Code "IRC" allows a deduction known as “depletion” for oil & gas income. The depletion deduction could significantly reduce a royalty owner's…

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