Oil production growth is slowing due to natural depletion and rising costs, especially in the Permian Basin, but new federal ...

The oil and gas industry receives tax deductions that pale in comparison to the vast sums of taxpayer money provided to wind and solar generators, estimated at 6%. These energy forms offer very ...

Depletion for Tax Purposes. When you begin receiving checks for oil and gas royalties, or you harvest timber or allow mining of other minerals, it's important to understand the depletion deduction ...

Colombia's investment in exploration and production (E&P) of hydrocarbons could jump some 8% this year to reach $4.68 billion, Colombia's leading industry group said on Thursday, warning this would ...

A depletion policy is a government’s strategy for managing and extracting oil reserves over time, aiming to maximize the economic benefits while ensuring sustainability.

Increasing the oil and natural gas tax depletion allowance from 15 percent, where it has been since 1984, would enhance the profitability of wells and probably encourage new drilling.

In 1926, Congress passed and President Coolidge signed legislation that came to be known as “the oil depletion allowance.” Based on the premise that mineral deposits are finite resources that ...

Goehring & Rozencwajg: U.S. shale production peaked in late 2023 and is now declining, with geological depletion rather than market dynamics posing the biggest challenge.

Oil, gas depletion trend reverses. New finds, rise in available reserves boost lifespan of hydrocarbon deposits. Salman Siddiqui August 25, 2024. facebook twitter whatsup linkded email.

KOCHI: The depletion of fish stock in the coastal sea, caused by the rapid warming of the Arabian Sea has triggered tension between the traditional fishermen an ...

In the US, oil and gas companies benefit from the oil depletion allowance, which permits them to deduct a percentage of their gross income from oil and gas sales as an expense.

The Co-chair of the Ghana Extractive Industry Transparency Initiative has revealed that Ghana’s oil fields are peaking, leading to a decline in crude oil production. Dr Steve Manteaw told Evans ...