Table of Contents
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FOREWORD |
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7
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ACKNOWLEDGEMENTS |
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11
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INTRODUCTION |
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17
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1
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PETROLEUM |
"Rock Oil"
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21
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2
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GEOLOGY |
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29
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3
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LAND |
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47
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4
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DRILLING |
Getting to the rocks
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63
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5
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CASING POINT ELECTION |
Are there holes in the rocks?
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75
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6
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COMPLETION |
Is there oil in the holes?
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81
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7
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PRODUCTION |
Getting it out of the ground
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91
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8
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SELLING OIL AND GAS |
Who gets what?
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99
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9
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TAXES - General |
Since the Boston Tea Party
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117
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10
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TAX BENEFITS |
For the oil and gas investor
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127
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11
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DEAL STRUCTURES |
Among oil industry partners
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145
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12
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LIMITING LIABILITY |
and the 'flow-thru' principle
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161
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13
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OIL & GAS PROGRAMS |
for investors
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177
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14
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ALTERNATIVES |
Investor's Choice
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197
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15
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PERFORMANCE |
"A bird in the hand..."
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213
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16
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NEW TECH |
There's always a better way...
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229
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17
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WHAT ABOUT THE FUTURE? |
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241
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APPENDICES |
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A
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Oil Terms · Severance Tax · Basins |
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255
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B
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Authorization for Expenditure |
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261
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C
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Tax & Securities Law Influence Oil Deals |
265
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D
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Classifications for Federal Income Tax Purposes |
281
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E
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Risk Factors |
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287
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F
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New Technology |
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295
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Notes |
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299
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Recommended Resources |
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305
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Glossary |
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317
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Index |
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399
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