1.613-2(b)(4), Income Tax Regs.10 Section 613(b)(1)(A), which provides for percentage depletion at a rate of 22 percent for sulphur, has no limitation based on the source of the sulphur. Box 60350 New Orleans, Louisiana 70160 U.S.A. (800) 351-1242 Fax: (504) 566-6891 Public Company Louisiana Land & Exploration Co. Oil and Gas Leases - The Louisiana Land And Exploration Company Headquartered in New Orleans, it The property has been operated as a hunting lodge since the 1960s. Texaco additionally contends that partial summary judgment was procedurally improper in this case both because the decision did not determine any portion of its liability to LL & E and because there are issues of disputed fact that prevent summary judgment. Bayou, a National Wild and Scenic River in northern The Louisiana Land and Exploration Company There is no question that there are no particular gas reserves governed by warranty contracts entered into by Texaco. Until 1982, the Frasch mining industry was the dominant source of sulphur in the world. We receive lots of emails from people who find their name or a relatives name on our site and want to know if this means they have some right to the land listed under that name. There is no indication that Congress intended to limit percentage depletion for any products of oil and gas wells other than hydrocarbon fuels.12. Petitioners, the Louisiana Land & Exploration Co. (LL&E) and Subsidiaries, are an affiliated group of corporations whose common parent is LL&E. Furnel, Inc. has been successfully implementing this policy through honesty, integrity, and continuous improvement. Section 613(b) in general provides the list of minerals that are eligible for percentage depletion and specifies the percentage depletion rates. LA Petitioners rightly assumed that the issue was settled and cannot now justly be required to prove the amount of the depletion deduction to which we have found they are entitled. 613A(c)(1). The company became a public company . In 1984, large additions and renovations were made to the lodge, increasing the size of the camp to accommodate more guests. In the early 1980s, industry economics changed LL&E's fortunes. Epps. The primary products from the Jay Field wells and processing facilities have been oil and natural gas. Ronald H. Outside of Louisiana, Youngs acquired mineral rights and royalty interests on 152,870 acres in Texas, New Mexico, North Dakota, South Dakota, Montana, Colorado, Florida, and Mississippi. Rec. 16. During the years in issue, petitioners were engaged primarily in exploration for and development, production, refining, and sale of crude oil and natural gas and exploration for, production and mining of other minerals such as sulphur, gold, silver, copper, and coal in the United States and several foreign countries. Seeking new profit sources and seeing links between fossil fuels and mineral extraction, Phillips laid out $51 million for the Copper Range Company in May 1977. With no more than 4.4 years of proven reserves on hand in 1980, Phillips needed to find new reserves at a reasonable cost if he was to insure the company's continued profitability. The Louisiana Land and Exploration Company LLC operates as a subsidiary of ConocoPhillips. 3rd Cir.1984), wherein the court approved the procedure of granting a partial summary judgment on the issue of an insurer's obligation to defend, reserving to the insured the right to establish damages in a further proceeding.
Do Usl Players Have Other Jobs, Articles L