Insights & Resources

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.

With 2024 coming to a close, time is running out for manufacturing companies to take advantage of many year-end tax benefits.

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.

CEOs can leverage established ESG principles and best practices to create sustainable business operations and promote long-term growth.

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

The medical technology, or medtech, industry is poised for a transformative year despite soft IPO activity the first half of 2024. Learn more here.

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.