Oil & Gas Roundtable for December 2025
Last month’s roundtable ties together the core mechanics that drive after-tax outcomes in oil and gas investing: IDCs, working interest vs. royalty, active vs. passive treatment, 1099 reporting, and depletion. It’s written to help investors see how these pieces connect across a well’s lifecycle, and why that clarity matters heading into 2026 as supply, demand, geopolitics, and policy pressures set up higher potential volatility in energy markets.










