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2021

Oil and Gas Tax Bootcamp (Part 3): Basic Transaction Structures

Live Webcast Nov 17, 2021
Conference Concluded
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Related products: Materials

Overview

Oil and gas taxation is a complex area of the U.S. federal tax law, with unique principles, policies and aspects of the law. This Bootcamp walks through the fundamentals of oil and gas taxation – from basic rules and concepts, to partnerships and joint ventures, to basic transaction structures – and is ideal for new entrants to the field or as a refresher for experienced practitioners.

Join us online for this three part series - streaming live on the first three Wednesdays in November!

Wednesday, November 17, 2021
Part 3: Basic Transactional Structures
This course begins with an examination of sales vs. leases or subleases of mineral property, and the different rules and provisions relating to those transactions. It then dives into several common deals that a company may choose to do and the tax implications for each. 

AND DON'T MISS...

Wednesday, November 3, 2021
Part 1: Overview of Basic Oil and Gas Taxation Rules

Wednesday, November 10, 2021
Part 2: Partnerships and Joint Ventures


 

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Event Schedule

Program is subject to change.
All times are Central Time Zone.

  • Time
    Credit
    Subject
    Speaker
  • Wednesday Afternoon, Nov. 17, 2021
  • 11:00 am
    1.00 hr
    Oil and Gas Taxation: Basic Transaction Structures: Part 1
    Examine the elements that distinguish a mineral property sale from a mineral lease, the federal tax consequences of a mineral property sale, and the tax provisions in documents that are used to execute mineral property sales transactions.  

    John T. Bradford, Liskow & Lewis - Houston, TX
    Timothy J. Devetski, Ernst & Young LLP - Houston, TX
    Mitra Ghaemmaghami, Ernst & Young, LLP - Houston, TX

  • 12:00 pm
    15-Minute Break

  • 12:15 pm
    1.00 hr
    Oil and Gas Taxation: Basic Transaction Structures: Part 2
    This segment introduces a basic farmout structure and covers the anticipated federal tax consequences, then moves to a “cash and carry” development financing structure, a “drillco” development financing structure, and finally a mineral property acquisition transaction utilizing a production payment to secure a portion of the purchase price.

    John T. Bradford, Liskow & Lewis - Houston, TX
    Timothy J. Devetski, Ernst & Young LLP - Houston, TX
    Mitra Ghaemmaghami, Ernst & Young, LLP - Houston, TX

  • 1:15 pm
    Course Concludes

Download Schedule

Conference Faculty

John T. Bradford

Liskow & Lewis
Houston, TX

Timothy J. Devetski

Ernst & Young LLP
Houston, TX

Mitra Ghaemmaghami

Ernst & Young, LLP
Houston, TX

Planning Committee

Jennifer Bernardini

Internal Revenue Service
Washington, DC

John T. Bradford

Liskow & Lewis
Houston, TX

Julie Holmes Chapel

KPMG
Edmond, OK

R. Richard Coston

Norton Rose Fulbright
Houston, TX

Timothy J. Devetski

Ernst & Young LLP
Houston, TX

John S. Dzienkowski

The University of Texas School of Law
Austin, TX

Kevin L. Kenworthy

Miller & Chevalier Chartered
Washington, DC

Kathleen Kruchten

Internal Revenue Service
Houston, TX

Peter A. Lowy

Chamberlain Hrdlicka
Houston, TX

Gregory M. Matlock

Mayer Brown LLP
Houston, TX

Edward C. Osterberg Jr.

Mayer Brown LLP
Houston, TX

Robert J. Peroni

The University of Texas School of Law
Austin, TX

Robert A. Swiech

KPMG LLP
Houston, TX

C. Elizabeth Wagner

Internal Revenue Service
Washington, DC

P. Todd Way

Vinson & Elkins LLP
Dallas, TX

Steven C. Wrappe

Grant Thornton LLP
Washington, DC

Denney L. Wright

The University of Houston Law Center
Houston, TX

Jeff Wright

Deloitte Tax LLP
Houston, TX

Credit Info

  • Live Webcast
MCLE Credit
Toggle view Texas – 2.00 hrs
Legal Specialization(s): Expected for Oil, Gas and Mineral Law, Expected for Tax Law
You may claim your credit online in Your Briefcase, and UT Law CLE will report credit on your behalf to the State Bar of Texas.  A Certificate of Completion will be emailed to you upon claiming credit. The system reports Texas CLE credit every Tuesday. If you are claiming credit in the last week of your birth month, self-report your CLE credit directly to the State Bar of Texas at texasbar.com, using the course number  provided on your certificate of attendance.
Toggle view California – 2.00 hrs
To claim California MCLE credit, California credit option must be selected PRIOR to viewing the live webcast. This accreditation requires attendance verification. UT Law CLE monitors and records attendee responses to questions that randomly appear during the live webcast presentation. Verification pop-ups will NOT display when the webcast video player is in "full screen" mode. Furthermore, the notification sound effect alerting pop-ups, will NOT play on mobile devices. We recommend viewing from a computer, as opposed to a mobile device, should MCLE credit, other than Texas, be needed. The response record is detailed on the Certificate of Completion. 

You must claim your credit online in Your Briefcase, and will then be provided a Certificate of Attendance for your records. UT Law CLE is required to provide the State Bar with electronic attendance records for any MCLE participatory activity within 60 days of completion of the activity. The California licensee is responsible for reporting their compliance/credit hours earned to the State Bar at the end of their reporting period directly to the State Bar of California at calbar.ca.gov.  UT Law CLE will maintain Attendance Records for four years.  

MCLE credit is presented based on a 60-minute credit hour.
Toggle view Other States – 2.00 hrs
Note on Self-Reporting Your Credits in Another State
If you wish to satisfy MCLE or other professional education requirements in another state for a program offered by the University of Texas School of Law, please check with the state bar or other licensing authority in that state to ensure it will qualify for self-reporting your credits.
 
To claim Other States MCLE credit, Other States credit option must be selected PRIOR to viewing the live webcast. You must claim and  certify your credit online in Your Briefcase, you will then be provided a Certificate of Attendance for your records and to provide to other licensing authorities as needed. 

This accreditation requires attendance verification. UT Law CLE monitors and records attendee responses to questions that randomly appear during the live webcast presentation. The response record is detailed on the Certificate of Completion.
MCLE credit is presented based on a 60-minute credit hour.
Other Credit
Toggle view TX Accounting CPE – 2.50 hrs
The University of Texas School of Law (Provider #250) live webcast presentations meet the requirements and are presumptively approved by the Texas State Board of Public Accountancy for Texas Accounting CPE credit based on a 50-minute credit hour. Approved for general CPE credit only.

This accreditation requires attendance verification. In compliance with the rules, UT Law CLE monitors and records attendee responses to questions that randomly appear during the live webcast presentation. The response record is detailed on the Certificate of Completion.

To claim Texas Accounting CPE credit, the Texas Accounting CPE credit option must be selected PRIOR to viewing the live webcast. Upon claiming credit, a Certificate of Completion will be emailed to you. Self-report your CPE credit directly to the Texas State Board of Public Accountancy.

Contact us at accreditation@utcle.org if you have additional questions.

Key Dates

Live Webcast – Nov 17, 2021
Conference Concluded
Buy
  • Live Webcast
Individual
Last day for $125.00 Regular pricing: Nov 10, 2021

$125.00 for registrations received after this time

Last day for cancellation (full refund): Nov 12, 2021

$50 processing fee applied after this date

Last day for cancellation: Nov 15, 2021

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