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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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Movers and Shakers

Permian Basin Oil and Gas Magazine

His hard work, dedication, and commitment to Diamondback grew an unknown, small-cap oil producer in 2012 into one of the largest oil and gas companies inNorth America. 24 that Clay Neff, its President/International Exploration and Production, was named President/Upstream, effective July 1. announced Feb. announced Feb.