The Texas Supreme Court on Friday turned down an oil company’s bid for a large tax exemption, saying Southwest Royalties Inc.’s purchases of casing, tubing, other well equipment and associated services were not exempt from sales taxes available to certain manufacturers.
Justice Phil Johnson, delivering the opinion, said Southwest Royalties had sought the refund on the basis that the equipment was used in or during the extraction of oil, gas and other hydrocarbons from underground reservoirs. Lawyers for Texas argued successfully that Southwest Royalties, an exploration company, is not a manufacturer.
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