Tag: Montana Petroleum Association

  • Energy Tax Facts
  • 15 Jan 14

Percentage Depletion: Save a Stripper Well

By Jessica Sena In 1926, Congress passed an accounting standard to address the closure of oil and gas businesses across the country, and to spur investment in the robust development of American natural resources. Prior to this, the only deduction for mineral resources wascost depletion, which did not provide sufficient opportunity for smaller, independent businesses to retain revenues to […]