severance taxes

How are severance taxes calculated in La? We have a lease with two operators, one has withheld (round numbers) $5000 and the other $500, income is the same, same lease.

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Oil & Gas ProPermalink Reply by Skip Peel - Mineral Consultant on March 17, 2018 at 5:27

http://www.rev.state.la.us/SeveranceTaxes

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landownerPermalink Reply by cca on March 18, 2018 at 1:45

Thank You Skip, I've never posted before but have read many of your responses. Thank You for sharing your knowledge with us.

Chuck

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Oil & Gas ProPermalink Reply by Skip Peel - Mineral Consultant on March 18, 2018 at 2:27

You're welcome, Chuck

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