Taxation of oil and gas payments received independent of production

Journal Article · Wed Jun 01 00:00:00 EDT 1983 · Oil Gas Tax Q.; (United States)

OSTI ID:5797577

Fambrough, J

Several economic incentives are offered to mineral owners for entering into an oil and gas lease. These are: (1) a bonus; (2) a delay rental; (3) a royalty. This article is intended to aid in the understanding of the tax treatment for these oil and gas payments, received independent of production, in order to avoid any tax penalties and to elucidate a tax-minimization strategy. 11 references, 7 tables. (NLG)

• OSTI ID: 5797577
• Journal Information: Oil Gas Tax Q.; (United States), Journal Name: Oil Gas Tax Q.; (United States) Vol. 31:4; ISSN OGTQD
• Country of Publication: United States
• Language: English

Related Subjects

02 PETROLEUM
020700* -- Petroleum-- Economics
Industrial
& Business Aspects
03 NATURAL GAS
030600 -- Natural Gas-- Economic
Industrial
& Business Aspects
29 ENERGY PLANNING, POLICY, AND ECONOMY
290200 -- Energy Planning & Policy-- Economics & Sociology
294002 -- Energy Planning & Policy-- Petroleum
294003 -- Energy Planning & Policy-- Natural Gas
ENERGY SOURCES
FINANCIAL INCENTIVES
FLUIDS
FOSSIL FUELS
FUEL GAS
FUELS
GAS FUELS
GASES
LEASES
MINERAL RESOURCES
NATURAL GAS
PETROLEUM
RESOURCES
TAXES