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March 2016 - DelCotto Law Group

Bankruptcy Code Dollar Amounts Will Increase On April 1, 2016

March 31, 2016
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By: Jamie L. Harris, Esq.

The  Judicial Conference of the United States issued a Notice in the Federal Register on February 22, 2016 that certain dollar amounts have increased in the sections in title 11 and title 28, United States Code. The new (adjusted […]

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Financial Tips and Reminders for Your Kentucky-Based Small Business

March 22, 2016
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In dealing with many small business clients in my financial restructuring practice in Kentucky, I frequently see a lack of preventive assessment and planning by business owners to address the financial health of their small businesses. Below are a few tips and reminders for your Kentucky-based business […]

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Kentucky’s ‘At The Well’ Rule for Determining Royalties Owed Under an Oil and Gas Lease

March 15, 2016
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KENTUCKY’S “AT THE WELL” RULE FOR
DETERMINING ROYALTIES OWED UNDER AN OIL AND GAS LEASE.[1]
By:  Michael J. Gartland (Copyright 2016 ©)
 

Royalty defined.

Every oil and gas lease provides for a royalty to the landowner/lessor.  A […]

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Kentucky’s ‘At The Well’ Rule: Who’s Responsible for Severance Tax Payments?

March 8, 2016
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KENTUCKY’S “AT-THE-WELL” RULE PROHIBITS A
LESSEE UNDER AN OIL AND GAS LEASE FROM DEDUCTING ANY
SEVERANCE TAXES PRIOR TO CALCULATING A ROYALTY VALUE
ABSENT A SPECIFIC LEASE PROVISION APPORTIONING SUCH TAXES.

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