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Quarterly report pursuant to Section 13 or 15(d)

INCOME TAXES

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INCOME TAXES
6 Months Ended
Jun. 30, 2021
Income Tax Disclosure [Abstract] Ìý
INCOME TAXES
NOTE 11 - INCOME TAXES
Our 2021 estimated annual effective tax rate before discrete items as of JuneÌý30, 2021 is 21%. The estimated annual effective tax rate mirrors the U.S. statutory rate of 21%, as the adjusting items, including percentage depletion in excess of cost depletion, net to zero. The 2020 estimated annual effective tax rate before discrete items as of JuneÌý30, 2020 was 31%. The decrease in the estimated annual effective tax rate before discrete items is driven by the change in income.