Proceedings

10th Cir 5th Cir acquired acquisition agreement allocation allowable amount area price basis bonus casinghead gas cent certificate Commis Commission's constructive trust contract Corp corporation cost decision deduction depletion depreciation determined economic effect fact farmout Federal Power Commission field gas lease gas produced Hugoton Hunt Oil Co income industry Internal Revenue Service involved joint venture leasehold leasehold estate lessee lessor ment merger Natural Gas Natural Gas Act Oil & Gas oil and gas Okla operator ordinary income owner ownership parties Permian petroleum Phillips Phillips Petroleum Co Pipe Line pipeline plaintiff plant problems production payment proration purchaser of gas purposes Railroad Commission ratably reasonable regulation rental reservoir result Revenue rule Sherman Act shut-in Stat statute Statute of Frauds supra note Supreme Court taxable taxpayer Texas tion tract transaction unjust enrichment utility