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.
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