Recent News

Lorem ipsum dolor sit amet, consectetur adipiscing elit. Ut efficitur condimentum mauris. Mauris in consequat mauris.

Deficiency Fees Paid for Pipeline Are a Post-Production Cost

Deficiency Fees Paid for Pipeline Are a Post-Production Cost

Source: YouTubeSummaryCo-author: David PruittIf a Texas operator commits to minimum throughput volumes to secure pipeline capacity and ends up paying “deficiency fees” when production falls short, can it deduct those fees from overriding royalty interest...

When Money is Gross Income and Not a Loan

When Money is Gross Income and Not a Loan

OverviewFarmers and ranchers routinely move substantial amounts of money among family members, operating entities, investors, landlords, and business partners. Those transfers may be intended as loans, capital contributions, investments, deposits, or joint-venture...