Depletion Allowance in the United States

Resources

See Also

Income Tax; Mine and Mineral Law.

Further Reading (Books)

Bradley, Robert L., Jr. Oil, Gas, and Government: The U.S. Experience. Lanham, Md.: Rowman and Littlefield, 1995. Comprehensive review of oil and gas regulations at the state and federal level.

Solomon, Jerry R. The Depletion Allowance: A Summary of Fifty-Eight Years of Congressional Controversy and Change. Berkeley: University of California Press, 1974.

Michael R.Adamson

Further Reading (Articles)

The effect of changes in the percentage depletion allowance on oil firm stock prices., The Energy Journal; October 1, 1989; Lyon, Andrew B.

Restore depletion allowance as major step toward reviving energy industry., The Oil Daily; August 12, 1987; Moncrief, W.A., Jr.

Congress seeks to keep depletion allowance., The Oil Daily; March 16, 2010; O’Neil, Lauren

President’s budget includes royalty, elimination of the depletion allowance, Mining Engineering; March 1, 1997; Anonymous

Depletion allowance plan embattled, Herrington says. (John Herrington) (petroleum industry), The Oil Daily; March 25, 1987

Variable depletion allowance proposal boosted by Norton Drilling executive. (Sherman H. Norton), The Oil Daily; September 23, 1986; Weeden, Scott L.

Eliminating depletion allowance would increase production costs, Mining Engineering; May 1, 1999; Anonymous

Return of the Depletion Allowance, The Washington Post; March 19, 1987

Court backs Exxon in dispute with IRS.(Supreme Court favors Exxon Corp. in its dispute with Internal Revenue Service over natural gas production depletion allowance), The Oil Daily; March 18, 1997

Excess percentage depletion AMT – what does property mean?, The Tax Adviser; January 1, 1992; Dutt, Wayne E.

Keeping Tabs on Depletion Deductions, Pennsylvania CPA Journal; January 1, 2014; Kollar, Edward A.

If You Ask Me; It’s Time to Reform The `Depletion’ Tax, The Washington Post; April 9, 1991; Robert V. Keeley

IPAA urges IRS to alter oil percentage depletion transfer rules. (Independent Petroleum Association of America), The Oil Daily; March 18, 1985; Marcy, Steve

Inhofe Introduces Amendment to Revive Percentage Depletion for Marginal Wells, States News Service; May 14, 2014

White House, Congress sparring over gas, oil depletion deduction., Natural Gas Week; March 22, 2010; O’Neil Lauren

Blog Watch: Depletion, Leaders, Stimuli And The Economy., Investrend; October 18, 2010

Sen. Inhofe Introduces Bill Concerning Taxable Income Limit on Percentage Depletion for Oil, Natural Gas, US Fed News Service, Including US State News; February 10, 2009

Texas Water Users Take Issue with Depletion Rule., Knight Ridder/Tribune Business News; March 28, 2004

Serum carotenoid depletion follows first-order kinetics in healthy adult women fed naturally low carotenoid diets, The Journal of Nutrition; August 1, 2001; Burri, Betty J Neidlinger, Terry R Clifford, Andrew J

Beware of Drug-Induced Nutrient Depletion, Warns Expert, Drug Topics; September 16, 2002; Pollina, Kristen