Author Description

This book gives basic information about oil and gas taxation. Deals a.o. with acquisition of oil and gas properties, mineral interests and property concepts, geological and geophysical exploration costs, development of oil and gas properties, depreciation, depletion, and amortization, subleases, sales and production payments, sharing arrangements, carried interests and net profits interest, joint ventures and partnerships, allocations and deductions by partnerships, corporations, alternative minimum tax and passive losses, estate and gift tax problems, and windfall profit tax.