Public limited partnerships and royalty trusts: the sum is greater than the parts

Journal Article · Sat Sep 01 04:00:00 EDT 1984 · Oil Gas Tax Q.; (United States)

OSTI ID:6197924

Wrappe, S C; Sefton, D L

One way to increase the after-tax profits and enhance the value of equity interests held by investors in the oil and gas industry is to restructure all or part of the corporation as a royalty trust or public limited partnership. A cost benefit analysis of this approach shows that it is one of the most potent ways to realize capital appreciation of equity interest while minimizing the effects of double taxation. Most companies will find that the combination of the two methods will result in all assets being valued closer to the actual market value and a lessening of the tax effects of liquidation. 119 references, 2 tables.

• Research Organization: Univ. of Texas, Austin
• OSTI ID: 6197924
• Journal Information: Oil Gas Tax Q.; (United States), Journal Name: Oil Gas Tax Q.; (United States) Vol. 33:1; 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
294000 -- Energy Planning & Policy-- Fossil Fuels
COST BENEFIT ANALYSIS
INDUSTRY
LEGAL ASPECTS
NATURAL GAS INDUSTRY
ORGANIZING
PETROLEUM INDUSTRY
PROFITS
TAXES