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Glossary Definition

What are Intangible Drilling Costs (IDCs)?

In the context of oil and gas investment, intangible drilling costs include the costs of labor, services and non-salvageable materials. These are items that can’t be resold in any way later. They typically account for 65%–85% of the total investment.

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Corvee Blog

Read the latest tax planning thought leadership from Corvee.

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Tax Planning Strategies

Our team of tax experts has scoured tax rules and regulations to create detailed tax strategies you can use to find savings for your clients.

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