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Upstream Midstream Downstream – What is the Difference?

Aresco

Upstream Midstream Downstream are terms commonly used in the oil and gas industry to describe different stages of the production and distribution process. Downstream is the refining and processing phase, where crude oil is transformed into refined products and chemicals. What is oil and gas upstream midstream downstream?

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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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Green Business: Harnessing Solar Power for Profit and Planet

Navigate Power

Thankfully, the business energy consultants at Navigate Power know that solar is a long-term energy investment capable of saving businesses money in multiple ways. As technology evolves, outdated strategies, products, and systems can better accommodate the need for eco-friendly business solutions.

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Investing in Oil and Gas Royalties Explained

Aresco

Investing in oil and gas royalties involves purchasing the rights to receive a portion of the revenue generated from the production and sale of oil and gas from a particular property or lease. Passive Income : Oil and gas royalties can provide investors with a source of passive income.

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What are Tangible Drilling Costs?

Aresco

These costs are directly related to the actual drilling operations and typically represent a significant portion of the overall expenses in oil and gas exploration and production. This immediate deduction provides a significant tax advantage for oil and gas companies engaged in exploration and drilling activities.

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How Do Solar Panels Function in Snowy and Cold Conditions?

Navigate Power

Article at a glance Grid-tied energy systems help balance seasonal variations in production. Home battery systems complement wintertime renewable energy production. Snow coverage on solar panels does not wholly halt energy production. Even cloudy days contribute to solar energy production through diffuse light.