Strictly: Drilling and oil-field services Message Board

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Gold/Mining/Energy : Strictly: Drilling and oil-field services

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To: hdrjr who wrote (71965)	8/29/2000 7:39:39 PM
From: isopatch	Read Replies (1) of 95453

Section 29 credits are a nice additional tax benefit, hdrjr. HGT actually has a much smaller Sec 29 allowance than royalty trusts with all or most of their properties producing NG from "non-conventional sources". Coal seam gas royalty trusts WTU and DOM are just 2 examples. Am hoping the need to encourage new NG development is becoming compelling enough for Congress to vote to renew Section 29 when it expires (later this year, if memory serves). It's a very nice tax incentive for working interest investors as well as for royalty investors. Isopatch

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