Oil and gas taxation in nontechnical language.

Burke, Frank. Starcher, Mark.

1993

CIENA
3907

0-87814-397-1

INTRODUCTION TO THE FEDERAL OIL AND GAS INCOME TAX SYSTEM. A BRIEF REVIEW OF OIL AND GAS OPERATIONS. TYPES OF INTERESTS IN OIL AND GAS AND THE TAX PROPERTY CONCEPT. ACQUISITION AND PRE-DRILLING ACTIVITIES. GEOLOGICAL AND GEOPHYSICAL COSTS. SHARING ARRAGEMENTS FOR EXPLORATION AND DEVELOPMENT. CARRIED INTERESTS. UNITIZATION AND POOLINGS. GROSS INCOME. INTANGIBLE DRILLING AND DEVELOPMENT COSTS AND DEPRECIABLE EQUIPMENT. OPERATING EXPENSES. DEPLETION. TAX CREDITS. LIMITATIONS ON DEDUCTIONS AND THE ALTERNATIVE MINIMUN TAX. DISPOSITIONS OF OIL AND GAS PROPERTIES. TYPES OF BUSINESS ENTITIES. INTERNATIONAL OPERATIONS BY U.S, TAXPAYERS. FOREIGN OWNWRSHIP OF U.S. OIL AND GAS OPERATIONS.

ESTADOS UNIDOS; INDUSTRIA PETROLERA; IMPUESTOS; INDUSTRIA DEL GAS; INCENTIVOS; COMERCIO DE PETROLEO; EXPLORACION; PRODUCCION; COSTOS; GEOLOGIA; GEOFISICA; OPERACION;