Proceedings of the ... Annual Institute on Oil and Gas Law and Taxation as it Affects the Oil and Gas Industry

accounting additional agree allocation allowance amount application approval assets authority basis Bureau capital cash Commissioner committee Company conservation consideration considered contract corporation costs Court created decision depletion depreciation determined discussion drilling effect entire equipment exchange execution fact federal field gain held holding included income increase industry interest Internal Revenue Code involved joint lands lease leasehold Legal lessee lessor limited loss ment method mineral natural necessary obtained oil and gas oil payment participation parties partnership percentage period permit persons Petroleum plant pool portion possible practice present problem production profits provision question reason received recovery reference Regulations reserves reservoir respect result returns royalty owners rule separate share Stat statute supra taxpayer term Texas tion tract unit agreement unit area unit operation unit plan usually