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Encana backdating downward adjustments of price paid for ALL 2016 production in their June 2018 payment

Can anyone explain the contractual authority Encana is citing in order to reduce our June 2018 check by almost $27,000 from what was due? …

Started by Bill Patton in GeneralLatest Reply

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

Discussions Replies Latest Activity

Yosko B Well

Does anyone have any information on this well that was being drilled by Recoil Resources?  Rumors are they hit a fault line.  Apparently, t…

Started by Mark Luedke in General

2 Sep 5
Reply by Mark Luedke

Rig Count +13

Baker Hughes Rig Count: U.S. +13 to 1,057 rigsU.S. Rig Count is up 13 rigs from last week to 1,057, with oil rigs up 10 to 869, gas rigs up…

Started by Keith (Site Publisher) in General

0 Aug 11

1776 Energy Partners

Has anyone heard of 1776 selling out? I had talked to my neighbor last week, he to is leased by them as well. I hope this is true, for we h…

Started by Glen L Bednorz in General

0 Aug 8

Encana backdating downward adjustments of price paid for ALL 2016 production in their June 2018 payment

Can anyone explain the contractual authority Encana is citing in order to reduce our June 2018 check by almost $27,000 from what was due? …

Started by Bill Patton in General

6 Jul 27
Reply by Bill Patton

Anyone buying minerals in Duval or Jim Wells Counties

has anyone had any offers to purchase their minerals in the above counties

Started by kittycatmama in General

2 Jul 26
Reply by kittycatmama

Rig Count -8. Texas -5

Started by Keith (Site Publisher) in General

0 Jul 20

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

10 Jul 8
Reply by William Murrell

$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

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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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