United States Federal Circuit

Congress expressly allowed oil companies to calculate federal income tax deductions for sales of natural gas sold under fixed-price contracts during the 1975 tax year pursuant to a highly favorable representative market or field price, but 1975 casinghead gas sales do not qualify for such favorable tax treatment.

Appellate Information

• Decided 04/03/2001
• Published 04/03/2001

Judges

• MICHEL, Circuit Judge., Before NEWMAN, MICHEL, and RADER, Circuit Judges.

Court

• United States Federal Circuit

Counsel

• For Appellant:
  
• Robert L. Moore, II,Miller & Chevalier, Chartered, of Washington, DC, argued for plaintiff-appellant.   With him on the brief were Thomas D. Johnston, Alan I. Horowitz, Patricia J. Sweeney, and Mark V. Holmes.


• For Appellees:
  
• Thomas J. Sawyer, Attorney, Tax Division, Department of Justice, of Washington, DC, argued for defendant-cross appellant.   With him on the brief were Thomas J. Clark, Attorney.