Insights & Resources

Unlock tax savings and ensure compliance by meeting IRS criteria to qualify vehicles as mobile machinery for off-highway fuel credits.

Off-highway business use fuel tax claims are an often-overlooked opportunity. Learn more about how these state tax refunds can be used effectively.

Texas’ direct pay permits can streamline tax compliance, improve cash flow and reduce costs for oil and gas companies.

The National Association of Manufacturers (NAM) has released its Q4 Manufacturers’ Survey. Learn more about what it means for leadership in 2025.

In the oil and gas industry, an asset might be sold outright or as a disregarded entity, which is treated the same for federal income tax purposes.

Received a Schedule K-1 with upstream oil income? Learn the five key steps to ensure accurate reporting, including deductions for IDC, depletion and asset sales.

Learn about depletion deductions for oil & gas investors. Understand percentage and cost depletion, key tax benefits and the impact on taxable income.

IRS Notice 2024-52 confirmed the Marginal Well Credit applies in 2024, offering $0.77 per Mcf for qualified natural gas from marginal wells.

Shale maturation and technological innovation impact IP valuations, influencing long-term asset value and productivity in the oil and gas industry.

Discover how gas stations with c-stores qualify for bonus depreciation under the retail motor fuel outlet exception.

With an increasing demand for lithium across the energy sector, oilfields may find a common biproduct may hold the key to future growth.

Oil and gas prices have had their ups and down in recent years. Severance tax credits for “marginal” wells are available but are set to expire soon. Learn more.