Oil and Gas Taxation in Nontechnical Language
Published on 1. June 1993
Book
Hardback
261 pages
978-0-87814-397-9 (ISBN)
Description
In this easy-to-read discussion, persons familiar with non-tax aspects of the oil and gas business can gain knowledge on the subject of oil and gas taxation. Contents: Federal oil & gas income tax system Review of oil & gas operations Types of interests in oil & gas The tax 'property' concept Acquisitions and pre-drilling activities Geological and geophysical costs Sharing arrangements for exploration and development Carried interests Unitizations and poolings Gross income Intangible drilling and development costs and depreciable equipment Operating expenses Depletion Tax credits Deduction limitations and the alternative minimum tax Dispositions of oil & gas properties Business entities International operations by U.S. taxpayers Foreign ownership of U.S. oil & gas operations.
More details
Series
Language
English
Place of publication
Tulsa, Oklahoma
United States
Target group
Professional and scholarly
Illustrations
index
Dimensions
Height: 230 mm
ISBN-13
978-0-87814-397-9 (9780878143979)
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Schweitzer Classification
Content
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 arrangements for exploration and development; carried interests; unitizations and poolings; gross income; intangible drilling and development costs and depreciable equipment; operating expenses; depletion; tax credits; limitations on deductions and the alternative minimum tax; dispositions of oil and gas properties; types of business entities; international operations by US taxpayers; foreign ownership of US oil and gas operations.