In general, major integrated oil and gas producers may take the greater of cost or percentage depletion.

Name: In general, major integrated oil and gas producers may take the greater of cost or percentage depletion.
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Major integrated oil and gas producers are generally not allowed to take percentage depletion for tax purposes; they must use cost depletion. Percentage depletion is available only to independent producers and royalty owners under U.S. tax law.

In General, Major Integrated Oil and Gas Producers May Take