The oil and gas industry has experienced booms and busts of varying lengths since the dawn of mineral exploration. The current climate for O&G suggests continued consolidation, however forecasts by industry experts anticipate the boom may be back by 2018. For any owners or buyers of mineral interests, the market may be ripe for making deals now — with a careful eye toward the tax implications. No two deals are alike, and it’s important to learn the potential tax impact and the types of taxes you may be paying.
In this whitepaper, we review:
- Leasing vs. Selling Mineral Rights
Land Owner vs. Mineral Rights Owner
- Lessee vs. Developer
Sale of Proved Up vs. Undeveloped Interests