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ISRL » Topics » Lease Operating Expenses, Transportation and Severance Taxes

This excerpt taken from the ISRL 10-Q filed Nov 14, 2008.
Lease Operating Expenses, Transportation and Severance Taxes - During the 2008 period, we recorded $15,231,000 in lease operating expenses, transportation and severance taxes compared to $5,188,000 in 2007. This increase in lease operating expenses, transportation and severance taxes is primarily due to the GFB and Five States Acquisition, along with the increase in oil and gas prices, which caused an increase in severance tax obligations and a onetime amortization of $1,000,000 in inventory related to the GFB acquisition.
 
 
This excerpt taken from the ISRL 10-Q filed Aug 14, 2008.
Lease Operating Expenses, Transportation and Severance Taxes - During the 2008 period, we recorded $8,796,000 in lease operating expenses, transportation and severance taxes compared to $2,981,000 in 2007. This increase in lease operating expenses, transportation and severance taxes is primarily due to the GFB and Five States Acquisition.
 
This excerpt taken from the ISRL 10-Q filed May 15, 2008.
Lease Operating Expenses, Transportation and Severance Taxes - During the 2008 period, we recorded $2,733,000 in lease operating expenses, transportation and severance taxes compared to $798,000 in 2007. This increase in lease operating expenses, transportation and severance taxes is primarily due to the Five States Acquisition.
 

EXCERPTS ON THIS PAGE:

10-Q
Nov 14, 2008
10-Q
Aug 14, 2008
10-Q
May 15, 2008

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