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Page 114
... costs necessary to market such gas . " In determining such cost , the district court allowed deduction of " ( 1 ) operating expenses ; ( 2 ) general ex- penses direct ; ( 3 ) retirements ; ( 4 ) ad valorem and other direct taxes ; ( 5 ) ...
... costs necessary to market such gas . " In determining such cost , the district court allowed deduction of " ( 1 ) operating expenses ; ( 2 ) general ex- penses direct ; ( 3 ) retirements ; ( 4 ) ad valorem and other direct taxes ; ( 5 ) ...
Page 144
... costs have been cut in half , refining operating costs have been reduced by 12 percent , and drilling costs have been reduced by $ 7 per foot drilled . Because the range of technical advance is so broad , this discussion will be limited ...
... costs have been cut in half , refining operating costs have been reduced by 12 percent , and drilling costs have been reduced by $ 7 per foot drilled . Because the range of technical advance is so broad , this discussion will be limited ...
Page 470
... costs . The taxpayers deducted this latter portion as intangible drilling costs . The deducted portion included the drilling contractor's estimated direct intangible drilling costs , an amount for the contractor's management overhead ...
... costs . The taxpayers deducted this latter portion as intangible drilling costs . The deducted portion included the drilling contractor's estimated direct intangible drilling costs , an amount for the contractor's management overhead ...
Contents
The Thirtieth Year of the Natural Gas Act and Its | 1 |
Title Examination and Division Orders | 29 |
Royalty Problems Incident to the Processing of Natural | 89 |
Copyright | |
13 other sections not shown
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5th Cir agreement allocated amount applied assignment Bankline basis carried interest Comm'r Commission consolidated return contract Corp corporation decision deduction depreciation division order drilling economic interest effect error ref'd excess loss account exemption fact filed Hugoton industry interest owner investment involved land Legal Fdn lessee lessor Magnolia Petroleum Co market value ment mineral Natural Gas net profits interest Oil & Gas oil and gas operator opinion ordinary income overriding royalty ownership partnership party percent Petroleum Phillips Petroleum Co pipeline problem production payment profits interest holder provisions purchase question received recovery Regulations remainderman reserves result Revenue Ruling royalty interest rules Section securities service partner Simplot slant drilling Southwest Exploration Stanolind Subject Properties supra Supreme Court Tax Court taxable taxpayer Texas Texas Co tion tract transaction transfer trust instrument United wellhead