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Signal Oil Gas <signal_oil_and_gas>

	Signal Oil and Gas - The Opportunities of Two-Year Inactive Severance Tax Incentive Continue	593 days ago
	Signal Oil and Gas - The Opportunities of Two-Year Inactive Severance Tax Incentive Continue Signal Oil and Gas The Two-Year Inactive Well Incentive program, extended by the 76th legislature in September 1999, remains a valuable opportunity for operators of inactive wells to return the wells to production with a ten-year severance tax exemption on crude oil, casinghead gas, and gas well gas produced by the reactivated wells. The filing deadline for this severance tax incentive program was extended to August 31, 2009. The Railroad Commission can certify wells for the program through February 28, 2010. Any gas well or oil well with no more than one month of production in the two-year period prior to application to the Commission for certification can be eligible. The Commission designates monthly all oil and gas wells that meet the above criteria. Operators of these wells will be notified by letter of their initial eligibility for the exemption. Eligible wells are also identified on the Oil and Gas Schedule listed by Operator with a single asterisk. As of November 13, 2000, over 95,000 wells have been designated. Signal Oil and Gas If a designated well is returned to production prior to August 31, 2009 and the operator files a W-10/G-10 retest or a W-2 retest, the Commission will send a letter to the operator. By signing the bottom of that letter and returning it to the Commission, an operator is applying for certification in the program. Upon approval, a certification letter will be issued to the operator. This certification, along with Comptroller Form AP-158, is then filed with the Comptroller of Public Accounts to receive the tax exemption. Certified wells are identified on the schedule with double asterisks. As of November 13, 2000, over 4000 wells have been certified in the program. Signal Oil and Gas Signal oil and Gas results: http://www.wikidot.com/user:info/jim... http://www.myspace.com/jim_van_blaricum http://blogs.ign.com/jim-van-blaricum/ http://jim_van_blaricum.blogster.com/ http://www.soulcast.com/jim_van_blar... http://www.signaloilandgas.com http://www.jim-van-blaricum.net http://www.jim-van-blaricum.org http://www.jimvanblaricum.net http://www.jimvanblaricum.org http://www.signal-oil-and-gas.com http://www.signaloilandgas.net http://www.signaloilandgas.org http://www.jim-van-blaricum.com http://www.james-van-blaricum.com http://www.jamesvanblaricum.net
	posted by Signal Oil Gas