Investing in oil and gas wells
Owning non-operated working interest in oil and gas wells located in major U.S. shale basins.
Oil and Gas Drilling
High risk, high reward. Oil and gas working interest has its perks. Of course, this type of investment also comes with a certain amount of risk.
The government has provided a tax deduction on intangible drilling costs (IDC’s) to encourage oil and gas companies to take the risk of drilling. This is
particularly important should the well be a “dry hole”.
Oil and Gas Investing
I’ve been in the oil and gas industry for over 35 years. There have been ups and downs, just like any other market experiences. Nevertheless, working interest ownership in oil and gas wells is by far the most risk one can take in the energy industry.
Very few investors are suitable for this type of investment. Before considering oil and gas working interest, I recommend you consult with your financial adviser, CPA, or other professional.