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Spring 2023
6386 Oil & Gas Tax - WRIGHT- 14954

Professor(s): Denney Wright (OTHER FACULTY)

Credits: 3

Course Areas: Taxation 
Energy, Natural Resources and Environmental Law

Time: 1:00p-2:30p  MW  Location: 222 

Course Outline: Oil and Gas Income Taxation covers the United States federal income taxation of domestic oil and gas operations and transactions. The course examines taxation associated with the operational life cycle of oil and gas operations including exploration, development, production and abandonment. The study of transactions involving oil and gas interests analyzes acquisition, disposition, structuring and investment. Course participants learn the historical context and development of oil and gas provisions found in the U.S. tax law. Current tax legislative proposals or enactments that affect the oil and gas industry are addressed if warranted. The emphasis is on federal income taxation of domestic oil and gas transactions, although certain international tax aspects of the oil and gas business will be referenced and contrasted throughout the class.

Course Syllabus: Syllabus

Course Notes: (Face-to-Face)   The UH registration system instruction mode for this course is listed in parenthesis. After student registration opens, there may be instruction mode changes to this course up through two weeks before the first day of classes for the term, but notice of such changes will be sent to then-registered students. For this instruction mode, instructors and students are expected to normally be physically present in the classroom. If the course has a final examination, it will be in a classroom requiring your physical presence. Other assessment, such as a mid-term exam, may also be in a classroom. Whether this instructor will offer “remote presence” (starting a zoom meeting from the podium computer to enable student remote access on an occasional basis) for part or all of the semester is not known, but students should not rely on an expectation that remote presence will be available.


This is an LL.M class, and JD students may register, if space is available.

Prerequisites:  Federal Income Tax & Oil and Gas Law are recommended

First Day Assignments:

Final Exam Schedule: 05/03 1-4pm      

This course will have:
Exam:
Paper:


Satisfies Senior Upper Level Writing Requirement: No

Experiential Course Type: No

Bar Course: No

DistanceEd ABA: No (no more than 1/3 of the class sessions have the instructor separated from all students via technology)

Pass-Fail Student Election: Available

Course Materials

Book(s) Required

Denney L. Wright, Oil and Gas Tax: A Comprehensive Study, Wolters Kluwer, 2019 Ed. (ISBN
9781543816112)
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Other Text Resources (supplements to required text for optional reference)

Wolters Kluwer Editorial Staff, Oil and Gas: Federal Income Taxation,
Wolters Kluwer, 2021 Ed. (ISBN 9780808054931)

Robert Polevoi and William H. Byrnes, IV, Federal Taxation of Oil and Gas Transactions,
Matthew Bender, (ISBN 9780820512808) (available in O'Quinn Law Library UHLC)