Oil drilling can be a risky venture, but not if it is tackled the right way. It is also an expensive endeavor. The costs associated with oil and gas drilling can begin at a minimum of $400,000. Most oil wells also produce some amount of gas. The first ever oil wells are believed to have been sunk in China. Oil and gas drilling usually is completed in stages, such as planning the process, drilling the well, completing the well, producing crude oil, and, eventually, abandonment of the well after it has served its purpose. Energy Exploration, Inc. is trying to bring about innovation in the field of energy investments and is on the lookout for serious investors. Investing in energy exploration can prove to be a very lucrative venture in the long term.
Besides making a profit from the discovery of natural gas or oil, there are many tax advantages available to people who are involved in oil investments or gas investments. This is because the government recognizes the potential benefits associated with discovering new forms of energy. These include Congressional incentives, intangible drilling costs tax deductions, and alternative minimum taxes. The intangible drilling costs deduction can even mean that a substantial portion of the investment may be 100 percent deductible. The tax benefits differ for each individual, and consulting with your tax advisor will help you calculate the exemptions you can benefit from by investing. For example, a person in the tax bracket of 35 percent may claim up to an 80 percent deduction on an initial investment of $100,000. Energy Exploration, Inc. is focusing on drilling re-entry wells with proven resources to up the benefits to its investors. They are working toward establishing long-term investment relationships with prospective investors.
Choosing to rejuvenate old oil wells by using new means of technologies is catching on amongst oil exploring companies. These wells, which are known as re-entry wells, first have to be identified by experts from among different wells that are declining in terms of production. The re-entry process in itself is not a new one. In fact, it has been used by oil companies since the 1950s for various reasons.
Re-entry drilling systems can be of two types-conventional drilling or coiled tube drilling (CTD). The method used will depend on various factors, including the location of the well and the possible resources that it has left. Sidetracks are the chosen method for re-entering a well. This involves using conventional drilling fluids. Oil base mud systems and air drilling systems are the different types of options available for the purpose. If all factors involved are not considered fully, the chances of a successful operation are further weakened. Oklahoma and Arizona are believed to have a number of wells that are suitable for re-entry purposes. The staff at Energy Exploration, Inc. are qualified to help you understand what investing in Energy Exploration, Inc means to you and for the company. Their goal is to pursue projects that have at least a 90 percent success rate. (ArticlesBase SC #3824785)
Besides making a profit from the discovery of natural gas or oil, there are many tax advantages available to people who are involved in oil investments or gas investments. This is because the government recognizes the potential benefits associated with discovering new forms of energy. These include Congressional incentives, intangible drilling costs tax deductions, and alternative minimum taxes. The intangible drilling costs deduction can even mean that a substantial portion of the investment may be 100 percent deductible. The tax benefits differ for each individual, and consulting with your tax advisor will help you calculate the exemptions you can benefit from by investing. For example, a person in the tax bracket of 35 percent may claim up to an 80 percent deduction on an initial investment of $100,000. Energy Exploration, Inc. is focusing on drilling re-entry wells with proven resources to up the benefits to its investors. They are working toward establishing long-term investment relationships with prospective investors.
Choosing to rejuvenate old oil wells by using new means of technologies is catching on amongst oil exploring companies. These wells, which are known as re-entry wells, first have to be identified by experts from among different wells that are declining in terms of production. The re-entry process in itself is not a new one. In fact, it has been used by oil companies since the 1950s for various reasons.
Re-entry drilling systems can be of two types-conventional drilling or coiled tube drilling (CTD). The method used will depend on various factors, including the location of the well and the possible resources that it has left. Sidetracks are the chosen method for re-entering a well. This involves using conventional drilling fluids. Oil base mud systems and air drilling systems are the different types of options available for the purpose. If all factors involved are not considered fully, the chances of a successful operation are further weakened. Oklahoma and Arizona are believed to have a number of wells that are suitable for re-entry purposes. The staff at Energy Exploration, Inc. are qualified to help you understand what investing in Energy Exploration, Inc means to you and for the company. Their goal is to pursue projects that have at least a 90 percent success rate. (ArticlesBase SC #3824785)
