Featured Blog Posts (11)

Cost Depletion: A Valuable Tax Deduction for Royalty Owners



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 income tax bill. Since a mineral interest runs out eventually (because the production 'depletes' the reserves in the ground), the IRC allows the taxpayer to claim a deduction for the decreased value of the property caused by production of minerals. One…

Continue

Added by Patrick Flueckiger on February 12, 2018 at 10:30am — No Comments

My Producer has Filed Bankruptcy - Now What?

By:      Wade Caldwell (gcaldwell@beclaw.com) & Zach Fanucchi (zfanucchi@beclaw.com)…

Continue

Added by Wade Caldwell on January 28, 2016 at 3:00pm — 1 Comment

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…

Continue

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

Beware The Allure Of Shale ‘Mailbox Money’

Attorney Spotlight: Ben Elmore



If a land man calls with an offer of “mailbox money” for the mineral rights on your property, read closely before signing on the dotted line. If you don’t, oil and gas lawyer Ben Elmore said the words above it may come back to haunt you.



Mailbox money is a slang term of the shale era. “You wake up one day and you get a call from a land man” promising $1,000 an acre and a 20 percent royalty on oil and gas production from your…

Continue

Added by K. Daniel Glover on February 27, 2013 at 7:00am — No Comments

Shale of the Century

 

Continue

Added by Keith (Site Publisher) on February 12, 2013 at 10:00am — No Comments

‘Antifragile’ Modular Construction

A recent WSJ article highlights the concerns associated with development within shale oil and gas plays. Many Shale Oil and Gas Economies are resource-constrained (in both labor and materials) because of rapid growth but also because of the fear that the boom may go bust. Oil prices are extremely volatile. There is reasonable reluctance by investors and local governments to ‘go long’, to make the necessary and expensive long…

Continue

Added by Eric Amend on January 6, 2013 at 1:49pm — No Comments

Taxes on oil and gas and property producing oil and gas 2013

It's that time of year again to start gathering up all the necessary papers for the dreaded visit to the accountants office for tax prep.I know income and payroll taxes are going up.Just turn on the TV about every two minutes a reminder comes on.Serving on a jury and paying taxes is a small price for the opportunity lo live here.I'm not going to harp on that anymore but man take it easy on some of us,please.As I was standing around kicking the red dirt of Frio County a little bird told me I…

Continue

Added by Wade Newsom "Perdida Camaronero" on January 3, 2013 at 11:15am — 9 Comments

The EPA's Tainted Fracking Tests (WSJ OpEd)

Link to the WSJ OpEd >

The agency's groundwatercontamination finding is undermined by the U.S. Geological Survey.

It has been four decades since Richard Nixon launched "Project Independence" with the goal of making the United…

Continue

Added by Keith (Site Publisher) on January 2, 2013 at 1:24pm — No Comments

Gaining Some Perspective

Why don't you join me this Thursday as I attempt to gain some perspective. I’m long over due for a timeout. Perhaps a day, or two, to consider the life that I’ve been blessed to live. How about you? If so, then quit…

Continue

Added by Keith (Site Publisher) on November 21, 2012 at 11:00am — No Comments

BHP Billiton issues Aussie Note

[FOX:] "... the issue paid less than Australian banks, which stand among the world's top financial institutions..." speaking of BHP Billiton Prices A$1.0 Billion Note Issue  

aside from the noteworthy of being issued in Aussie Juris rather than US / Euro what I note is the scale of the issue - in my mind - aligns to at least some extent with BHP…

Continue

Added by Nicholas Jordan on October 9, 2012 at 3:04pm — No Comments

Oil and Gas Opportunities

Hi everyone!  I am a general contractor in the Southeast and recently joined the forum.  I closed the doors on my construction company several years ago with the collapse of the housing market and was interested in transitioning my talents and background into an oil and gas career.  Does anyone have any suggestions as to how to get in the door, who to talk to, contacts, available positions or opportunities.  I am originally from Texas and was quite honestly hoping there might be some…

Continue

Added by Chris Batchelor on October 26, 2011 at 4:53pm — 3 Comments

Groups


Not a member? Get our email.




Blog Posts

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…

Continue

© 2018   Created by Keith (Site Publisher).   Powered by

Badges  |  Report an Issue  |  Terms of Service