Oil and gas law and taxation : a revision of Hemingway / Owen L. Anderson (Distinguished Oil and Gas Scholar and Professor of Law, University of Texas at Austin, Eugene Kuntz Chair in Oil, Gas and Natural Resources Emeritus, George Lynn Cross Research Professor Emeritus, University of Oklahoma), John S. Dzienkowski (Dean John F. Sutton, Jr. Chair in Lawyering and the Legal Process and Professor of Law, University of Texas at Austin), John S. Lowe (George W. Hutchison Chair in Energy Law and Professor of Law, Southern Methodist University), Robert J. Peroni (the Fondren Foundation Centennial Chair for Faculty Excellence and Professor of Law, University of Texas at Austin), David E. Pierce (Norman R. Poez Chair in Business and Transactional Law and Professor of Law, Washburn University), Ernest E. Smith (Rex G. Baker Centennial Chair in Natural Resources Law and Professor of Law, University of Texas at Austin).
The mineral estate -- Conveyances of interests in the mineral estate -- Trespass: surface and sub-surface, and third party claims -- Adverse possession and statutory termination of mineral interests -- The oil and gas lease: acquiring and developing leases from owners of less than the fee simple absolute -- The oil and gas lease -- The oil and gas lease: royalty clauses and division orders: other lessor benefits -- The oil and gas lease: implied covenants -- Transfers by the lessor and by the lessee -- Federal income taxation of oil and gas interests and transactions: acquisition of properties, geological, geophysical, and development costs -- Federal income taxation of oil and gas interests and transactions: the oil and gas lease -- Federal income taxation of oil and gas interests and transactions: the pool of capital doctrine: sharing arrangements.
Summary:
This Hornbook, a revision of the Hemingway Hornbook. this work covers the substantive law of oil and gas and federal income taxation of oil and gas transactions. The first two chapters examine the mineral interest/estate and related transactions. The third chapter covers trespass and related issues. The fourth chapter covers adverse possession and dormant minerals. Chapters five through eight examine in detail the oil and gas lease. Chapter nine addresses transfers by the lessor and the lessee. Chapters ten through twelve are devoted to oil and gas taxation.
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