Oil & Natural Gas Exploration Investments

[Mike Demmitt]

Does anyone here have experience investing in or putting together oil and natural gas exploration investments?  I have heard that those investments provide sizable tax deductions (e.g. 70-100% of the intangible drilling costs are deductible in year 1, and all tangible drilling costs are deductible over a 7 year depreciation schedule).  That type of sizable deduction could help whittle down a large tax bill.

https://www.investopedia.com/articles/07/oil-tax-break.asp

If anyone has experience participating in this type of investment or knows well-known and respected operators in this space that put together limited partnerships and private placements, please share that info here.