An Overview of Recent Production Deduction Cases
Courts in several states recently have addressed questions about post-production cost deductions in petroleum production, according to an on-demand webcast from Steptoe & Johnson.
In this webcast, Andrew S. Graham reviews the state of the play in the Appalachian Basin, as well as other oil and gas producing states, on the source of the deduction problem and where the states stand on this notoriously thorny issue.
Among the topics for discussion:
- What does the Leggett case mean for West Virginia producers in light of Tawney?
- Why did the Supreme Court of Ohio decide to not decide a case on post-production deductions?
- Has the marketable product rule reached a high-water mark in Colorado?