90. Oil & Gas Masterclass: How to Evaluate Energy Investments - Part 2
Invest Like a Billionaire
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The Tax Benefits of Participating in Oil and Natural Gas Production
As investors, you can't participate in some of these tax benefits, which are mostly depletion and intangible drilling costs. Right now you can, as part of the IRS tax code, you can deduct those costs if you're participating. For every molecule oil or natural gas unit that you produce, you can deplete,. You can have a depletion by unit based on how much production is net to your ownership. So those are two strategies that I know give people comfort for taking this risk.
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