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Taxation of oil and gas payments based on production

Journal Article · · Oil Gas Tax Q.; (United States)
OSTI ID:5357784
Whenever production occurs on leased acreage, the mineral owner may become entitled to three different types of payment: royalties, overriding royalties, and production payments. This article explores the tax consequences to the mineral owner of each. One way for mineral owners to maximize their gross returns and minimize their tax liability is to fully utilize the depletion allowances available. 26 references, 1 table
Research Organization:
Texas A and M Univ., College Station
OSTI ID:
5357784
Journal Information:
Oil Gas Tax Q.; (United States), Journal Name: Oil Gas Tax Q.; (United States) Vol. 32:1; ISSN OGTQD
Country of Publication:
United States
Language:
English