Old Badger
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  • Inez, TX
  • United States
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Royalty Check Transaction Details "Shell Game"

Started this discussion. Last reply by Michael A. Gutierrez Feb 3, 2014. 9 Replies

The oil company making my royalty payments makes lots of production transactions as shown on my royalty check details.  In one extreme case a recent transaction subtracted over 900 barrels of oil at…Continue

 

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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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