# Conservation Tax deduction --- on Royalty statement

**URL:** https://www.mineralrightsforum.com/t/conservation-tax-deduction-on-royalty-statement/54444
**Category:** Oklahoma Mineral Rights
**Created:** [January 1, 2020, 8:21pm UTC](https://www.mineralrightsforum.com/t/conservation-tax-deduction-on-royalty-statement/54444 "2020-01-01T20:21:08Z")
**Posts on this page:** 2
**Page:** 1

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### Author: ![Bud](https://www.mineralrightsforum.com/letter_avatar_proxy/v4/letter/b/bcef8e/32.png) [@Bud](https://www.mineralrightsforum.com/u/Bud)
#### Post date: [January 1, 2020, 8:21pm UTC](https://www.mineralrightsforum.com/t/conservation-tax-deduction-on-royalty-statement/54444/1 "2020-01-01T20:21:08Z")

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Just started to receive payments for a new well in Grady County from EOG. And I am seeing something new to me. They have deductions for Conservation Tax on the oil. I haven’t seen this deduction on other statements from other wells before. I wanted to ask if others have seen this deduction before? I am going to assume that this is proper; however, when I Google ‘OK Conservation oil tax’ I find discussions on Severance Tax.

So, I am seeing deductions for Severance 4%, Conservation 0.001%, Environment 0.1%. I am guessing these are normal and are subject to the normal use at tax time.

Thanks for any comments.

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### Author: ![system](https://www.mineralrightsforum.com/uploads/db5755/original/3X/6/c/6c7c56608c843272ad6e3662ce9562a5956f173e.png) [@system](https://www.mineralrightsforum.com/u/system)
#### Post date: [March 1, 2020, 8:21pm UTC](https://www.mineralrightsforum.com/t/conservation-tax-deduction-on-royalty-statement/54444/2 "2020-03-01T20:21:09Z")

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