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Take a seat in a crowded coffee shop and try to find a person who is not digitally connected — easier said than done. Today’s consumer is constantly flooded by streams of information that influence behaviors and provide the ability to instantaneously connect and interact with people, brands and...
Among the readership of this magazine are numerous oil and gas royalty owners. The April filing date for individuals will soon be upon us. In this article, we are going to discuss practical income tax considerations of owning royalty interest in oil and gas. This article will not be...
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The economy of Texas is highly diverse and complex, and commands a global reach in terms of trade partners. Demographically, Texas is well-positioned with a population two to four years younger than the rest of the U.S. on average. With a diverse economy, and a diverse, growing and youthful...
Biting the Hand that Feeds You: Virtue Signaling Against Oil and Gas
The North Face is inviting scorn and maybe a little coal into their petroleum-based stockings this Christmas. Why does a performance nylon apparel brand want to cut off their nose to spite their face? The North Face, a high-end outdoor brand, made the latest move in the never-ending quest to...
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Neoclassical economic theory, which has come to dominate public policymaking, has also oversimplified the world greatly. As a prime example, neoclassical theory reduces the factors of production to labor and capital. If you remember from Economics 101, it used to be land, labor and capital. Indeed the classical — as...
Economy After COVID-19
Over the past few decades, fiction writers and filmmakers have amassed an impressive array of apocryphal predictions, some not unlike the current coronavirus outbreak. In “Contagion,” Oscar-winner Steven Soderbergh presciently outlined a series of events bearing resemblance to COVID-19. Though the severity of the virus in the movie exhibited...
If you do business in the oil and gas industry, you know that lawsuits are inevitable. The uncertainties of drilling success, coupled with volatile markets and prices, often spawn disputes that end up with at least the threat of litigation. While you can’t entirely protect your business from lawsuits,...
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Waiting on information is a thing of the past. In this age of instant knowledge, real-time data grants immediate information, whenever and wherever you want it. In today’s agile markets, problems are solved faster, questions are answered more quickly, and data can be accessed at the click of a button...