Intangible Drilling Costs
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Intangible Drilling Costs

Expenses a company has when it drills for oil or natural gas. Intangible drilling costs are sometimes convenient for a company's tax purposes because it can deduct intangible drilling costs in one year when the company perhaps found little or no oil from profits made in a different year when the company does find oil.

intangible drilling costs

Expenses incurred while exploring for gas, geothermal, or oil reserves. These items may be expensed in the year incurred, or they may be capitalized and deducted throughout a period of years. Intangible drilling costs are an effective means of reducing taxes because they can be used to offset income in a single year even though the costs were incurred in order to produce or develop a capital asset (energy reserves) that will in turn generate income for many years. Costs for fuel, preparation of a site, and wages are examples of intangible drilling costs.

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amortization IDC			It's not easy to get the capital needed to go out and drill the wells so there are things like percentage depletion and intangible drilling costs, which the Obama Administration has sought to end during the last two years," said Martin Frost, a former Democratic congressman from Texas who works as a lobbyist for Polsinelli Shughart. Renewables vs. traditional energy: extension of tax credits ... by Cote, Mike / ColoradoBiz If the Obama administration does away with intangible drilling costs, oil and gas producers will no longer be incentivized to reinvest in new drilling projects, and new exploration will decline. Obama could destroy any hope of U.S. energy independence by Charles S. Brant, Casey Research / Stockhouse Also, 63 percent believe eliminating intangible drilling costs (IDC) will result in companies drilling outside the U. Energy Independence Not Attainable Until 2030 or Beyond, Says KPMG ... by PR Newswire			Insurance Claim Insurance Company Insurance Coverage Insurance Dividend Insurance Dividends Insurance Fraud Prevention Act Insurance Guaranty Act Insurance Policy Insurance Premium Insurance Premium Tax Insurance principle Insurance Risk Insurance Score Insurance Settlement Insurance Trust Insured Insured Account Insured Asset Insured Bond Insured Event Insured Loan Insured plans Insured Trade Acceptance Intangibility Intangible Asset Intangible Drilling Cost Intangible Drilling Costs Intangible Personal Property intangible property Intangible Tax Intangible Value Integer Programming Integralizado Integrated Financial Market integrated market making Integrated Pension Plan Integrazione a inizio Integrazione a termine Integrazione orizzontale Integrazione verticale Intellectual Property Rights Intellidex intelligent building Intentieverklaring intentional fraud inter vivos branch inter vivos trust Inter-African Coffee Organization Inter-American Commercial Arbitration Commission Inter-American Development Bank Inter-American Investment Corporation			Intakers intakes intakes intakes intakes intaking Intal Intal Intal Intalox Metal Tower Packing Intaminated INTAN Intan Andalas Wood Industry intangibility intangibility intangibility intangible intangible intangible intangible asset intangible asset intangible asset intangible asset Intangible assets Intangible assets Intangible assets Intangible assets Intangible Cultural Heritage Intangible Drilling and Development Cost Intangible Drilling and Development Costs Intangible Drilling Cost intangible drilling costs intangible drilling costs intangible drilling costs intangible drilling costs Intangible Personal Property Intangible Personal Property Tax Intangible property Intangible property intangible tax Intangible Taxes Intangible Value Intangible Values intangibleness intangibleness Intangibles Intangibles Intangibles intangibly intangibly Intangle INTAP Intar Intarnut Intarnut Intarnut intarsia intarsia intarsia intarsia Intarsio

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Intangible Drilling Costs (redirected from Intangible Drilling Cost)

Intangible Drilling Costs
(redirected from Intangible Drilling Cost)