Energy & Natural Resources

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On July 25, 2025, the Internal Revenue Service (IRS) released Private Letter Ruling 202530002, where it summarized the requirements for aggregating separate nonoperating mineral interests into a single property under Section 614(e) of the Internal Revenue Code (Code) and Section 1.614-5(d) of the Treasury Regulations (Regulations) for purposes of computing the depletion deduction. Under Section…

Louisiana has a new renewable energy law on the books, Act No. 279, set to take effect on August 1, 2025. It provides for the regulation of solar facilities, renewable energy batteries, and onshore wind projects, all under the permitting authority of the Louisiana Department of Energy and Natural Resources (LDENR). The solar facility piece…