Texas 1031 Qualified Intermediary · Midland & Dallas

Oil, Gas & Mineral Rights · October 15, 2026

Selling Oil and Gas Interests? What to Know About the Tax Hit

Royalties, overrides and working interests are taxed differently, and depletion recapture can add to the bill. Here's what Permian Basin owners should understand about the tax hit on an oil and gas sale, and which interests may qualify for a 1031 exchange.

Oil pump jack in West Texas brush country

Full Article Coming Soon

We’re finishing the full version of this article. In the meantime, every situation is different, so the fastest way to an answer is to talk with our team. Donna Cowdrey has completed thousands of 1031 exchanges totaling over $36 billion, and our attorney and CPA can review the details with you.

What is a 1031 exchange? · 1031 exchange rules · 45 & 180 day timeline

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Call before your sale closes. A qualified intermediary has to be in place first.

General information only, not tax or legal advice.