Baker Hughes Rig Count: U.S. +8 to 923 rigs

U.S. Rig Count is up 8 rigs from last week to 923, with oil rigs up 9 to 747, gas rigs down 1 to 176, and miscellaneous rigs unchanged.

U.S. Rig Count is up 330 rigs from last year's count of 593, with oil rigs up 273, gas rigs up 58, and miscellaneous rigs down 1 to 0.

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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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