What are Tangible Drilling Costs?
Aresco
FEBRUARY 5, 2024
Drilling Rig: The equipment and machinery used to drill the well, including the rig itself, mud pumps, derricks, and other drilling apparatus. As tax laws can be complex and subject to changes, it’s advisable to consult with a tax professional or accountant who specializes in oil and gas tax matters for specific and up-to-date guidance.
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