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Stay up to date with the happenings in the oil industry and other oil and gas exploration information around the world.

Depletion Allowance Explained

Depletion Allowance Explained

The IRS code provides the percentage or cost depletion allowance as a means for owners to account for the depletion of reserves during the production and sale of oil and gas. This depletion allowance is...

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What Is Intangible Drilling Cost?

What Is Intangible Drilling Cost?

Intangible drilling cost (IDC) is a significant tax benefit for oil companies, allowing them to deduct the expenses associated with drilling wells in the United States. Typically, businesses in the oil...

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How to Invest in Oil and Gas

How to Invest in Oil and Gas

Savvy investors have numerous ways to bet on the direction of oil and gas investment. The choices range from exchange-traded derivatives, crude oil futures and options, sector mutual funds, energy...

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