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GEOLOGY Birth of an Industry
LEASING AND MINERAL RIGHTS
ROLE OF THE OPERATOR
10 other sections not shown
acreage allocated alternative minimum tax amount Anticlines barrels cash flow Code contract corporation crude oil deductible depletion development costs disclosure dollars drill stem test drilling and development drilling contractor drilling costs drilling mud dry holes entity Exchange Commission exemption expenses Farmouts federal gas leases gas programs industry intangible drilling interest Internal Revenue Internal Revenue Code Internal Revenue Service investing in oil investor issuer land landowner lessee lessor limited partners limited partnership ment merits and risks mineral Notary Public offeree representative offers for sale oil and gas oil or gas one-eighth ordinary income paid payment person acting petroleum pipe porosity production promoter prospectus public offering pump purchase pursuant Regional Office registration reserves reservoir rocks rotary royalty Salt Domes Section 4(2 Securities and Exchange sedimentary rocks specific storage structure subparagraph taxable taxpayer terest term tion transaction turnkey vestor wellhead