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Full-Text Articles in Oil, Gas, and Mineral Law
Taxation-Income Tax-Depletion-Lessor's Share In Net Income As Subject To Depletion, William H. Buchanan S.Ed.
Taxation-Income Tax-Depletion-Lessor's Share In Net Income As Subject To Depletion, William H. Buchanan S.Ed.
Michigan Law Review
Taxpayer which owned certain lands leased the same to companies for production of oil and other minerals for a cash bonus, a royalty in the usual form, and an agreement that lessor should receive a percentage of the net money profits realized by the lessees from their operation under the lease. Lessor claimed a right to deduct depletion allowance from the receipts which were a percentage of the net income arising from operating the properties. Held, lessor had a right to depletion deduction in respect to the percentage of net income because it had an "economic interest" in the …
Progress In The Law Of Oil And Gas, C. C. Williams Jr.
Progress In The Law Of Oil And Gas, C. C. Williams Jr.
West Virginia Law Review
No abstract provided.
Principal And Surety - Discharge Of Surety For A Lessee By Assignment Of The Lease, H. Martin Peckover
Principal And Surety - Discharge Of Surety For A Lessee By Assignment Of The Lease, H. Martin Peckover
Michigan Law Review
Lands set aside by statute as common property of the Chickasaw and Choctaw Indian tribes were, pursuant to an act of Congress, leased to one Gunther by mining trustees of the tribes. The lease contained covenants to pay "stipulated annual advance royalties," and also provided that no assignment should be made without the consent of the trustees "subject to the approval of the Secretary of the Interior." Defendant surety company executed a bond for the faithful performance of the terms of the lease, and the same was duly approved. Then Gunther, with the consent of the trustees, but not the …
Mines And Minerals--Conveyancing Of Coal By Sale Or Lease, John L. Detch
Mines And Minerals--Conveyancing Of Coal By Sale Or Lease, John L. Detch
West Virginia Law Review
No abstract provided.