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Ad Valorem Tax Oil and Gas – Your Complete Guide
July 24, 2023

Ad Valorem Tax Oil and Gas – Your Complete Guide

Ad Valorem is Latin for according to value. It’s something you need to think about if you operate in the....

What Are Intangible Drilling Costs?
January 09, 2023

What Are Intangible Drilling Costs?

Intangible drilling cost is one of those large tax breakouts afforded by oil companies which lets them subtract the cost....

Oil And Gas Tax Deductions: 11 Major Ones to Consider
January 08, 2023

Oil And Gas Tax Deductions: 11 Major Ones to Consider

Oil and natural gas projects generate substantial tax benefits. Oil represents one of the exceptional tax-advantaged investments for big investors.....

Depletion allowance in Oil and Gas – Small Producer’s Tax Exemption Guide
December 02, 2022

Depletion allowance in Oil and Gas – Small Producer’s Tax Exemption Guide

Since 1926, the Oil and Gas Depletion Deduction for small producers has been a part of the United States Federal....

What is Severance Tax and How Is It Calculated?
October 26, 2022

What is Severance Tax and How Is It Calculated?

It is no stretch to affirm that the oil and gas business is a lucrative one. However, before dabbling into....

 Most Important Mineral Rights Taxes and How to Report Oil and Gas Royalties on Tax Return?
April 01, 2020

 Most Important Mineral Rights Taxes and How to Report Oil and Gas Royalties on Tax Return?

When it comes to mineral rights taxes, there's a little something for everyone. Whether county, state, or federal, it's important....