A pumpjack operates just outside of the Odessa Ector Power Partners natural gas power plant Wednesday, March 9, 2022, in Odessa, Texas. (Odessa American/Eli Hartman) Increasing the oil and natural gas ...
An individual’s “average daily production” of crude oil or natural gas is determined by dividing the aggregate production from all oil or gas interests, as the case may be, during the tax year by the ...
Serious discussion has erupted outside the oil and gas industry about the important topic of depletion. The industry, to which depletion is not news, should make sure the discussion remains serious.