Geological and geophysical costs:

  • Code Section 167(h) and general rules;
  • Half year convention;
  • Exclusive method;
  • Treatment upon abandonment;
  • Integrated oil companies;
  • Definition of G&G;
  • G&G and IDC;
  • Shooting rights with and without option to lease;
  • Damage payments;
  • Drilling contributions; and
  • Payments made under acreage.