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Started By
Message
Posted on 3/26/13 at 8:33 am to RGV AG
quote:
several parties wanting to purchase the mineral rights
How would you get the mineral rights appraised. We were approached a few years ago, wasn't really interested at the time. We had no idea what it was worth.
Posted on 4/23/13 at 10:55 am to Nodust
quote:
Severance tax; reduce for 24 months for oil and gas produced from and after July 1, 2013, from horizontally drilled wells.
Dropping from 6% to 1.5%
quote:
(c) (i) The tax shall be levied and assessed at the rate of one and one-half percent (1.5%) of the value of the oil at the point of production on oil produced from a horizontally drilled well or from any horizontally drilled recompletion well from which production commences from and after July 1, 2013
Will this have a big impact?
Just wondering if this will be a really big impact and get well drilling activity to increase quickly.
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