Legal Opinion
Scofield v. La Gloria Oil & Gas Co.
Court of Appeals for the Fifth Circuit
Decided June 16, 1959No. 17196PublishedCited by 15 opinions
1Opinion of the Court
TUTTLE, Circuit Judge.
This appeal presents the question whether La Gloria Oil and Gas Company is entitled to the statutory depletion allowance of 27%% of its gross profits from the sale of certain heavier hydrocarbons it extracted from wet gas delivered to it for such extraction and recycling by owners of the gas. The answer to this question depends upon whether the complex contractual relations between La Gloria and the owners of the leasehold interests in the gas created in La Gloria an economic interest in the minerals in place, and, if so, whether the entire income from the sale of the…
2Cases cited11 opinions
- Palmer v. BenderSupreme Court of the United States · 1932
- Burton-Sutton Oil Co. v. CommissionerSupreme Court of the United States · 1946
- Anderson v. HelveringSupreme Court of the United States · 1940
- Commissioner v. Southwest Exploration Co.Supreme Court of the United States · 1956
- Thomas v. PerkinsSupreme Court of the United States · 1937
6 more not listed; retrieve them via the Exa API.
3Cited by15 opinions
- C. C. Duke and C. T. Duke v. Sun Oil Company and Pan American Petroleum CorporationCourt of Appeals for the Fifth Circuit · 1963
- The Shamrock Oil & Gas Corporation v. Commissioner of Internal RevenueCourt of Appeals for the Fifth Circuit · 1965
- Mountain Fuel Supply Company v. United StatesCourt of Appeals for the Tenth Circuit · 1971
- Sylvan C. Coleman, Trustee for the Stockholders of United Carbon Company in Dissolution, and Ashland Oil & Refining Company v. The United StatesUnited States Court of Claims · 1967
- Crooks v. CommissionerUnited States Tax Court · 1989
10 more not listed; retrieve them via the Exa API.