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What are Intangible Drilling Costs?

Aresco

Consulting and Professional Services 3. Consulting and Professional Services: These expenses cover fees paid to consultants and experts who provide specialized knowledge and advice. Consulting and professional services are crucial for making informed decisions and optimizing drilling operations.

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Depletion Allowance for Oil and Gas Overview

Aresco

Prospective participants should consult with their personal tax professional regarding the applicability and effect of any and all benefits for their own personal tax situation. Oil and gas tax deductions 2023 did not change significantly from oil and gas tax deductions 2022. This information is not intended to be individual advice.

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