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Exploration and Production

Florida Investors and the Shift to Alternative Investments in Oil and Gas

Aresco

AUGUST 13, 2024

government offers a variety of tax incentives aimed at encouraging domestic energy production. These include deductions for Intangible Drilling Costs (IDCs) and Tangible Drilling Costs (TDCs). A sharp decline in oil prices can reduce the profitability of drilling projects, leading to lower returns or even losses for investors.

Oil

Oil Gas Exploration and Production Drilling rig

What are Intangible Drilling Costs?

Aresco

NOVEMBER 30, 2023

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. Intangible Drilling Costs (IDC) are a critical element of the financial landscape in the oil and gas industry. What are intangible drilling costs?

Exploration and Production

Exploration and Production Consulting Oil Professional Services

Energy Aggregated

Florida Investors and the Shift to Alternative Investments in Oil and Gas

What are Intangible Drilling Costs?

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