Are mineral rights a income taxable

The Marcellus and Utica and fertile land it is indeed a PARADISE. Too bad all the political parties that win are all corrupt and don't help develop the country the way it should. I PRAY that The LORD changes the hearts of the governing parties and that my land turns into a prosperous and all God Fearing Nation!!

I recently purchased property in portage county, and am interested in leasing mineral rights for drilling or fracking.

I am looking for an Accountant in the Monroe area that is familiar with oil and gas leases if anyone

can possibly give me a name.

Thank you.

I have been offered a lease for mineral rights and do not know the value of the lease.  Does anyone have any idea on what is customary for lease length,  bonus per acre, royalty percent, shut price etc.  Any input on the current leasing would be most appreciated.  Thanks in advance.

The double standards guiding New York’s Governor Cuomo in his political machinations with respect to fracking and his professed concern over health are revealed in his latest actions to legalize some pot.

According to the Cancer Research UK site:

Cannabis smoke contains many of the same cancer causing substances (carcinogens) as tobacco – at least 50 of them..Many people who smoke cannabis smoke tobacco cigarettes and drink alcohol too. Research…

Industry Cloud Provider Delivers one of the First Mobility Solutions for Oil and Gas A/P Workflow

DENVER, Dec. 10, 2013 (GLOBE NEWSWIRE) -- Oildex, the innovator of smart information management solutions for the oil and gas industry, is pleased to announce the release of Spendworks Mobile Approval, one of the…

Pipeline Easement and Right-of-Way Agreements:

A Landowner’s List of Terms to Negotiate

Eric C. Camp

Decker Jones, PC

Burnett Plaza, Suite 2000

801 Cherry Street, Unit #46

Fort Worth, Texas 76102

(817) 336-2400…

Two big states, California and Illinois, made news recently by issuing proposed regulations on hydraulic fracturing. Here's some perspective on what these states are doing (and one similar state is not).

On Friday, November 15, the California Division of Oil, Gas and Geothermal Resources issued proposed regulations governing the process in California. The regulations, which also will cover “acidizing”, were promulgated following the passage earlier in the year of SB4, the State bill…

Oildex Invests in Oil and Gas Supplier Community with Upgraded Interface, Features and Functions

DENVER, Dec. 2, 2013 (GLOBE NEWSWIRE) -- Oildex, the innovator of smart information management solutions for the Oil and Gas industry, is pleased to announce the release of its enhanced…

After years of steadily rising prices, “low-cost fuel” may seem like an oxymoron.

But thanks to a steady surge in domestic oil and gas production, energy experts say consumers could enjoy inexpensive gasoline and natural gas for years to come.…

Another one of those silly stunts recently undertaken by fractivists has been taking a “Pledge to Resist” and it has inspired Vic Furman to come up with his own “Pledge to Defend” his property rights.

I have nothing against activists. I am one, in fact; a pro gas activist living in Upstate New York. Fractivists, though, are another matter. My state has, for political reasons, denied my rights and those of other landowners wishing to tap into their mineral rights using high volume…

there a sign in Bridgeport  $6800  and 20% royalty

Judge Davies is involved in it.

eougroup.com.

Sorry for other post couldn't figure out how to post a new topic

Sanity is emerging in New York with a positive statement from its League of Conservation Voters, a Rockefeller group, supporting LNG and stating the obvious environmental benefits. Fracking may not be far behind.

Our good friend and guest blogger, Jim Willis, the publisher of Marcellus Drilling News, picked up on something the other day that, together with some other news from the New York League of Conservation Voters, suggests sanity may slowly be emerging from the depths of the…

Marcellus Shale opponents have shifted tactics yet again by now claiming there isn’t any gas worth having in New York but the real numbers contradict this sorry attempt to cast doom and gloom on the Southern Tier.

You can always tell when the fractivists change strategies.  All of a sudden there is a burst of activity from various Park Foundation funded groups and supporters, with one entity creating the “news,” another showcasing it and still another…

No one needs to save us from solar energy, but it is, nonetheless, easy to construct such a case, demonstrating exactly why serious folks need to see natural gas development and hydraulic fracturing in the clear light of day, rather than through the dark colored glasses of its opponents.

Recently I received a little parody with an introduction from one of our loyal readers who shall, for purposes of this post, be known as George Lyttelton, although that’s not the reader’s real name,…

Greenpeace has lost its way and is now just another entity seeking to fill its coffers with green money by filing its supporters’ minds with nonsense on the subject of shale gas development, about which it knows nothing.

Since this is a children’s story, let’s start with “Once Upon A Time.” Once upon a time, Greenpeace was a respected serious organization that successfully achieved many positive things. Sadly, those days have long gone and today Greenpeace (in the UK at least)…

Teresa Heinz Kerry strikes back for the gentry class by reasserting control over the Heinz Endowments and defending the firing of anyone remotely pro shale gas.

The autocratic tendencies of the gentry class are amusing (and scary) to watch. Case in point: Teresa Heinz Kerry, chairwoman of the Heinz Endowments. Heinz Kerry (she actually dropped the “Kerry” after adding it for the 2004 election but the press keeps using it so we will as well) finally addressed the issue of the Heinz…

Any landowners in Wayne County experiencing any activity with GulfPort?