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Page 175
... Owner Advantages The working interest owner may derive substantial advantages by electing to use a net profits interest rather than an alternative arrangement . The complete manage- ment control of the property is the significant ...
... Owner Advantages The working interest owner may derive substantial advantages by electing to use a net profits interest rather than an alternative arrangement . The complete manage- ment control of the property is the significant ...
Page 179
... owners must make their own separate accountings to the net profits interest holder . Probably the greatest disadvantage to the working interest owner is his increased capital requirements inci- dent to the net profits interest ...
... owners must make their own separate accountings to the net profits interest holder . Probably the greatest disadvantage to the working interest owner is his increased capital requirements inci- dent to the net profits interest ...
Page 180
... owner should also exist between the working inter- est owner and the net profits interest holder . The working interest owner certainly should owe the net profits interest holder the obligation of prudent and diligent operations ...
... owner should also exist between the working inter- est owner and the net profits interest holder . The working interest owner certainly should owe the net profits interest holder the obligation of prudent and diligent operations ...
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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Common terms and phrases
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