This month we discuss articles that talk about whether or not we will be able to continue to expense Intangible Drilling Costs and to take the Percentage Depletion Deduction on our Royalties, Shell’s decision to leave the Permian Basin, and why elevated oil and gas prices will likely continue.
As always, Justin Williams joins me to provide the individual mineral owner perspective and we discuss our respective takes on each story to help you keep tabs on the latest happenings in the world of minerals and royalties.
Please reach out and let me know if you come across any interesting articles that you would like us to talk about in an upcoming episode, please send it to feedback@mineralrightspodcast.com. Thanks! – Matt.
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This Month’s Mineral Rights News Articles:
- 5 issues to watch as reconciliation talks intensify
- Shell’s decision to leave Permian Basin unlikely to impact Texas workforce or climate issues, experts say
- Commodity Giant Trafigura Paints Bullish Outlook for Oil and Gas
Resources Mentioned in this Episode:
- MRP 117: Mineral Rights News August 2021 (talks about the proposal to eliminate the Percentage Depletion deduction and ability to expense Intangible Drilling Costs).
- MRP 30: Greater Permian Basin Overview
- MRP 115: Oil & Gas Market Outlook and the Impact on Minerals and Royalties
- WSJ Article: Global Gas Shortage Stings U.K., Showing Shortcomings in Its Energy Transition
- WSJ Article: Investors See Natural-Gas Crunch Spilling Into Crude Market, Lifting Oil Prices
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