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Duval and north west Jim Wells Counties

Started this discussion. Last reply by kittycatmama May 22. 5 Replies

I have friends in both counties who say they have been approached about leasing but that the landman could not divulge the company he represented? Has anyone else been contactedContinue

Gulf Coast Gas Corp., Samedan Oil, and the no. 1 Wohlgemuth Gas Unit in Jim Wells

Started this discussion. Last reply by kittycatmama Jul 27, 2017. 4 Replies

I have been going through my deceased dad's legal papers that I found in a locked suitcase in back of a closet. There was a division order and a sale of this unit from Samedan Oil to Gulf Coast. It…Continue

South Texas Duval, Jim Wells, Brooks Counties

Started this discussion. Last reply by Mark Jul 22, 2017. 3 Replies

In the 1940s there was an oil boom in this area. Why aren't they drilling for oil in these counties now?Continue

Small cap oil & gas stocks.Where do they go with oil prices dropping

Started this discussion. Last reply by Mike Oct 13, 2014. 3 Replies

We are invested in Abraxas, but that is one of many oil and gas stocks in the Oil Shale. Watching oil prices drop and stock prices drop is scary. Anyone care to comment on AXAS or other stocks and…Continue

 

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Tell us your Eagle Ford story...
I have about 100 acres unleased minerals in Duval & Jim Wells Counties

Comment Wall (1 comment)

At 11:36am on June 18, 2014, tom concklin said…

Kitty, I'm sorry it took me so long to get back to you. I've been out of town. I would be delighted to hear anything you might want to pass along.

 

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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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