Sentences with phrase «drilling costs»

The result is a reduction in drilling costs by more than 60 percent.

I would be more excited about this if the story included an estimate of drilling costs and expected energy production per well.

New technology has enabled producers to shift production to resources that are now easier to reach and have lower drilling costs.

These include deductions for intangible drilling costs, depreciation, and depletion.

Bennett said the Piceance Basin has traditionally had high drilling costs, but Ludlam said the next wave of energy companies with leases in the area likely would have lower costs than previous operators.

Robinson's new company, DarkVision, is developing HD cameras that can be used in oil wells, reducing risk and shrinking drilling costs.

Most of them are scaling back investments on high - cost production and doubling down on U.S. shale, where drilling costs are lower (on a per well basis, at least) and the turnarounds vastly shorter.

But Nevada leases are dirt - cheap, and drilling only commenced 3 - 4 mths ago — so, counting cash on hand / raised, vs. annual expenses & projected drilling costs, I reckon Cash will soon net out around $ 2.3 mio:

I would note though: Foum Assaka hasn't been proved up in any way, but obviously SK was prepared to pay $ 20.4 million of back costs (& carry FAST for future drilling cost) for a 9.375 % stake — some investors might be prepared to use that as a tangible value for FAST's remaining 9.375 % stake, which would significantly improve the value equation!

You can make an election under IRC section 59 (e) to write off intangible drilling costs over 60 months for regular tax purposes, and eliminate an entry on this line.

Again, not knowing any details, the biggest question mark for me is on well drilling costs and depth / flow limits.

From drilling costs to divestment movements, the industry is facing an unprecedented range of uncertainty as it charts its strategy forward.

Stevens says producing shale gas using horizontal «fracking» costs $ 3 or less per million British thermal units whereas it's said that conventional gas drilling cost about $ 10 per million Btu.

Summary: I retired in February 2014 with thirty five years of Oil and Gas experience including, but not limited to, Accounts Payable Account Receivable Production and Revenue Accounting Drilling Cost Auditing ordering, expediting, classifying and moving production and drilling materials (line pipe, tubing, casing, etc.) and all phases of Gas Balancing pertaining to wellhead, platform, field balancing and settlements of all...

Working with Democrats and some Republicans in Congress, he tried several times to repeal the industry's three biggest tax breaks: the expensing of intangible drilling costs, percentage depletion, and the manufacturing deduction.

jim2 Thanks for the ref to reduction in drilling costs.

Since our initial business strategy is to directly compete in the marketplace with installed 5 horsepower diesel pumpsets, we bypass the problem of drilling costs — the farmers we will sell to initially already have tubewells that deliver the required amount of water.

That, combined with a low drilling cost, should turn around strong margins for the project, John Christmann, Apache's president and CEO, said at Hart Energy's DUG Executive Conference on Feb. 26.

A century ago Congress adopted a provision that allowed companies to write off «intangible drilling costs» in the first year of exploration.

Successful wells must yield large volumes of «natural gas» (a public relations industry term for «methane») to pay for the drilling costs that can easily exceed a million dollars for a traditional vertical well and much more for a horizontal well with hydraulic fracturing.

You can usually write off the intangible drilling cost 65 %, 70 %, 80 %, in some cases, 90 % of your investment in the first year.

Line 26: Intangible drilling costs: This line relates to the difference in timing of the deductions for intangible drilling costs.

There are things like mining costs, intangible drilling costs, and research and experimental costs.

Potential business expenses for you might include travel; a portion of your rent or mortgage interest, home insurance, and utilities if you're working at home; office supplies; health insurance; intangible drilling costs (really!)

Pursuing this approach, the report concludes, would add just seven percent to drilling costs.

The proposal would have eliminated some tax breaks, including a repeal of the credit for so - called intangible drilling costs.

U.S. Sen. Max Baucus has proposed delaying industry's ability to write off intangible drilling costs (IDCs) and doing away with the «last - in, last - out» accounting method (LIFO) used by a number of energy companies.

Maintaining tax policies like the deduction for intangible drilling costs is an important way to avoid stifling energy investments.

The drilling costs constitute approximately 42 percent of the total cost for constructing a geothermal power plant with high temperature reservoirs.

Drilling costs can add upwards of $ 10,000.