Options for Oil and Gas Lease Bonuses

April 6, 2012

Oil and Gas Leases

Ohio oil and gas leasesEnergy prices continue to rise higher than historical averages. This results in oil and gas explorers offering lease payments to Ohio landowners for the right to drill on their land. During lease negotiations, oil and gas explorers may offer an immediate bonus to landowners in addition to regular lease payments as an incentive to lease the land.

Ohio landowners now have an opportunity pursuant to Revenue Ruling 68-606 to defer recognition of income on such bonus to the year in which an installment payment is received.

If you are an Ohio landowner who is about to benefit from an oil and gas lease bonus, please contact us for a free consultation by calling 1-800-297-9191 or sending a Blog Message to schedule a time to speak.

To learn more about Oil & Gas Leasing in Ohio, please visit http://www.oilgasleaseohio.com.

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About slaterzurz

Slater & Zurz LLP is an Ohio law firm of highly experienced and respected attorneys. Over the last 40 years, we have developed a reputation for getting positive results for clients. We've been trusted with handling over 20,000 personal injury cases and our clients have received more than $120,000,000.

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