Update for Form 8904 (Rev. December 2018) per Notice 2023-58


The 2023 reference price for qualified natural gas production from qualified marginal wells was published and the marginal well production credit in 2023 is phased out completely.

  • For tax year beginning in 2023 the credit for natural gas production and crude oil production is completely phased out. See Notice 2023-58 for full guidance.