Oil and gas companies are investing millions of dollars into drilling wells locally in the United States. These domestic oil companies are taking advantage of the amazing tax advantages currently being offered by the US Government. Tax Benefits like Intangible Drilling Costs, or IDC let companies, and individual investors, to write off about 85% of their investment, and then, with other allowances, you can write off more each year.
Synergy Oil is one such oil and gas investment company, who is currently working out of Oklahoma, and producing oil as you read this article. (Well, as of writing, inclement weather may be inhibiting drilling efforts, but this does not represent the normal weather on their leases, which cover much of Craig County, OK and other Oklahoma counties.
Timing is critical in any investment choice, and I believe that now, with production really starting to churn out more and more, and as more and more wells come online, this is one vehicle that should really start making your money work for you, instead of you working so hard for your money.
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Good luck!
