Marginal Well Tax Credit Beginning in Calendar Year 2020

In Notice 2021-34, the IRS has released the reference price and credit amount for the production of natural gas from marginal wells. For tax years beginning in the calendar year 2020, the marginal well tax credit is $0.66 per Mcf. Here is a link to the IRS reference https://www.irs.gov/irb/2021-23_IRB#NOT-2021-34#NOT-2021-34
Contact our Oil and Gas team if you feel you may be eligible for this credit and need additional information. 330-453-7633

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