Depletion Allowance - Negotiations in Congress

Oil and Gas Leasing Help
1

I've heard as part of the tax changes coming include the elimination of oil/gas depreciation. Meaning producers and royalty owners could take a big hit come tax time. Does anyone have any information about this? I've posted this same question in the GoHaynesvilleShale web page.

thanks,

jhh

2

Saw this piece on the internet:

http://ropeco.org/custom/showpage.php?id=29&toplevel=11

thanks

3

Just yesterday received the latest action alert email about this from ROPECO. I am a subscriber, and also a member of the National Royalty Owners Association. When you click on the screen ACTION ALERT, you get the message about the plan and the names and contact info for the House Committee Chairman and the members. This plan is directed to royalty owners (you and me) and small producers who take the 15% depreciation allowance. This will not apply to the big producers who use the cost depreciation method. I'll reserve any editorial comment!

Please take a look at what may happen. http://ropeco.org/custom/index.php