Oil & Gas Tax

With ten years concentrating in oil and gas tax at the big law firms in Houston, we are comfortable in any area of oil and gas tax. Some of our offerings include:

• Advising for all types of mineral interests;
• Tax treatment of geological and geophysical costs;
• Tax consequences of certain payments including bonuses, rentals, royalties, production payments, ad leasehold costs;
• Issues related to intangible drilling and development costs;
• Special rules for depreciation in the oil and gas arena;
• Depletion rules and calculation;
• Conveyance of property interests;
• Special rules for calculation of Alternative Minimum Tax (AMT), recapture provisions, and abandonments;
• Oil and gas like-kind exchanges;
• Unitizations;
• Implications of choosing certain entity types for oil and gas;
• Joint venture and electing out of Subchapter K.