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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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Depletion Allowance for Oil and Gas Overview

Aresco

The depletion allowance is a tax provision in the United States designed to account for the reduction of natural resources, such as oil and gas, as they are extracted and sold. For the oil and gas industry, the depletion allowance functions similarly to depreciation for other types of assets.

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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. Each sector has distinct activities and focuses on specific aspects of the overall oil and gas supply chain. What is oil and gas upstream midstream downstream?

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What are Intangible Drilling Costs?

Aresco

Intangible Drilling Costs (IDCs) play a crucial role in oil and gas investments, offering significant tax advantages that can enhance profitability for investors. 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.

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The Importance of Field Gas Conditioners and JT Skids in the Oil and Gas Industry

Pro-Gas Services

Oil and gas is a complex landscape of processes, each playing a crucial role in ensuring the safe and efficient delivery of energy resources to homes and businesses worldwide. Join us as we delve deep into the world of field gas conditioners, exploring their functions, benefits, and the crucial role they play in the oil and gas value chain.

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What are Tangible Drilling Costs?

Aresco

Tangible Drilling Costs (TDC) are expenses associated with the physical aspects of drilling for oil and natural gas. 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.

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EPA’s New Audit Program for New Owners of Upstream Oil and Natural Gas Facilities

The Energy Law

Environmental Protection Agency (EPA) announced it had finalized a voluntary disclosure program for new owners of upstream oil and natural gas exploration and production facilities. Following notification, the new owner will consult with EPA to determine the scope of the audit and the number of facilities covered by the audit.