Geological and Geophysical Costs:

• Code Section 167(h) and general rules;
• Half year convention;
• Exclusive method;
• Treatment upon abandonment;
• Integrated oil companies;
• Definition of G&G;
• Geological & Geophysical (G&G) and IDC;
• Shooting rights with and without option to lease;
• Damage payments;
• Drilling contributions; and
• Payments made under acreage

At the Gardner Law Firm, we help clients with all aspects of oil and gas law and consulting. Contact our Richardson, TX or Tyler, TX office today.