Partnership Taxation Issues in Oil & Gas Development & Operations - Virtual Only

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Event Details

Tuesday, June 29, 2021

8:00am – 4:00pm
(Registration: 7:30am)


Facility Pending

Webcast Only

Field of Study

  • Taxes

CPE Credit

8 hours CPE credit

Course Code



Level of Knowledge



University of Denver Sturm College of Law




All materials will be electronic only

This program addresses complex issues arising from the use of tax partnerships in the acquisition, development, operation and disposition of oil and gas properties by partner. It addresses current developments relevant to partnership taxation in the context of oil and gas operations.


  • Election out of subchapter K and reasons to use a tax partnership for oil and gas development
  • Contributions of property and services to oil and gas drilling partnerships
  • Available elections for partnerships and partners
  • Maintenance of partnership capital accounts
  • Adjustments to basis in partnership assets and partners’ partnership interests
  • Depletion calculations using simulated and actual depletion
  • Comparisons of tax partnerships to cost-sharing arrangements
  • Dispositions of partnership interests and partnership assets
  • Section 59(e) elections in the context of oil and gas partnerships


  • Understanding of considerations specific to the formation of oil and gas partnerships
  • Determination of allocation of depletable basis to partners
  • Computation of depletion for partnership oil and gas properties
  • Proper maintenance of oil and gas partnership capital accounts
  • Analysis of special allocations of intangible drilling and development costs for economic effect
  • Identification of available partnership elections
  • Determination of gain or loss and character on partnership dispositions of oil and gas interests

Designed For

Anyone working in Oil & Gas

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