The question presented for decision in this case is whether petitioner, who had executed an oil and gas lease for a consideration paid partly in cash and to be paid partly out of oil to be produced from the lease, but without retaining a royalty interest, was entitled to depletion on the cash received. The Board decided that petitioner was not entitled to claim depletion on the cash payment. We may refer...
Let's get started
Welcome to the leading source of independent legal reporting
Sign on now to see your case.
Or view more than 10 million decisions and orders.
- Updated daily.
- Uncompromising quality.
- Complete, Accurate, Current.
