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What are Intangible Drilling Costs?

Aresco

In this blog, well break down what IDCs are, provide real-world examples, explore their tax treatment, and discuss how excess IDCs could affect your tax strategy. These costs encompass various non-physical expenses incurred during the exploration and drilling of oil and gas wells. Consulting and Professional Services 3.

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Depletion Allowance for Oil and Gas Overview

Aresco

This includes expenses related to exploration, development, and extraction. The depletion allowance is an important tax benefit for the oil and gas industry as it helps to incentivize investment in the exploration and extraction of natural resources, which in turn contributes to domestic energy production and the economy.

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CanCambria Energy Corp. announces changes to management team and board

Oil & Gas 360º

Chris Cornelius announces the following changes, effective March 10th, 2025: Dr. Paul Clarke will be promoted internally to the role of Chief Executive Officer and President from his current role of Vice President of Exploration. From April 2016 to January 2023, he was the Vice President of Corporate Development for TAG Oil Ltd.,

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The Value of This LARGE SCALE Gold Deposit Is Getting Ready to Jump

Oil and Gas Investments

With 94% of the resource known to be in mineralized bands, the exploration risk to take this Inferred 5.2 In November 2023, Paes-Braga and other principals at SAF Group led a CA$3.75 GSHR has only drilled 4km of the immediate 8km Moss corridorso LOTS of exploration potential left. Its close to very cheap power ($0.08/KwH)