Leasing Related Expenses

Lease costs, including the purchase of leases and minerals, as well as sales expenses, legal fees, administrative accounting, and Lease Operating Expenses (LOE), are fully tax deductible through cost depletion.

The Benefit

Leases stand as a distinct asset class separate from tangible or intangible assets within the well cost. Securing the right leases is crucial for the successful drilling of a new well.

Adding both size and value to your investment

Acquiring leases not only enhances your position in the targeted field but also serves as the final touch in offsetting your tax liability. In the oil and gas sector, a expanding lease portfolio signifies a thriving company - a desirable prospect for investors like yourself.