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Encana backdating downward adjustments of price paid for ALL 2016 production in their June 2018 paymentCan 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 CountiesI 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 +4Baker 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 |
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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 0 Promotions
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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