Federal tax considerations in structuring oil and gas investments for institutional investors
Journal Article
·
· Oil Gas Tax Q.; (United States)
OSTI ID:5849448
An analysis of the federal income tax considerations involved in structuring oil and gas investments for institutional investors finds that acquisitions of working interests are best suited for taxable institutions since they can use the special deductions provided by the Internal Revenue Code for intangible drilling and developments costs and depletion. If the institution is not to participate in the management of the drilling program and desires to limit its exposure to liability, the most suitable investment vehicle is a limited partnership. Investments in royalties or net profits interests are suitable for both taxable and tax-exempt institutions.
- Research Organization:
- Brown, Wood, Ivey, Mitchell and Petty, New York, NY
- OSTI ID:
- 5849448
- Journal Information:
- Oil Gas Tax Q.; (United States), Journal Name: Oil Gas Tax Q.; (United States) Vol. 31:3; ISSN OGTQD
- Country of Publication:
- United States
- Language:
- English
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Book
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Sun Dec 31 23:00:00 EST 1989
·
OSTI ID:5655305
Related Subjects
02 PETROLEUM
021000* -- Petroleum-- Legislation & Regulations
03 NATURAL GAS
031000 -- Natural Gas-- Legislation & Regulations
29 ENERGY PLANNING, POLICY, AND ECONOMY
294000 -- Energy Planning & Policy-- Fossil Fuels
INCOME
INDUSTRY
INSTITUTIONAL FACTORS
INVESTMENT
LAWS
NATURAL GAS INDUSTRY
PETROLEUM INDUSTRY
PROFITS
ROYALTIES
TAX LAWS
TAXES
021000* -- Petroleum-- Legislation & Regulations
03 NATURAL GAS
031000 -- Natural Gas-- Legislation & Regulations
29 ENERGY PLANNING, POLICY, AND ECONOMY
294000 -- Energy Planning & Policy-- Fossil Fuels
INCOME
INDUSTRY
INSTITUTIONAL FACTORS
INVESTMENT
LAWS
NATURAL GAS INDUSTRY
PETROLEUM INDUSTRY
PROFITS
ROYALTIES
TAX LAWS
TAXES