July 2014 Blog Posts (1)

Anderson & Lyssy Units, Wilson County

We have respectively, a NPRI and minerals in the Anderson (operated by EOG), and Lyssy (operated by Matador), both wells drilled to completion early this year. Having a devil of a time getting information about production, well status, etc. from the land men and others in the companies. (Phone calls not returned). As well, we have never received word that the original leases are held by production now that the primary terms of the leases have passed. We know that it takes several months to…

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Added by ER Havens on July 7, 2014 at 6:18pm — No Comments

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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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