Oil offers some of the most attractive tax incentives for investments.
The IRS provides tax incentives to encourage private investments in domestic oil and gas production. For drilling program investments, approximately 60-80% of well costs may be fully deductible in year one as intangible drilling costs.
How we help you succeed.
With a team backed by nearly half a century of industry experience, we have seen it all. We put all of that experience to work for you to achieve success.
VP Operating is an experienced owner operator. What that means for you is there is only one company you deal with from start to finish.
Since we are an operator, we handle every aspect of drilling, production, operations, and maintenance. Which means all you do is relax & receive monthly revenue.
Enjoy the substantial monthly cash flow and unique tax benefits that only investing in oil and gas wells can provide.
Before 2004, NYMEX crude oil futures never traded above $41.15. In 2008 it peaked at all-time highs of $147.27 and was over $100 per barrel in June 2014 before massive supplies of shale oil in North America caused the price to move lower.
Higher prices have caused new production to come to market as it creates the environment for more expensive oil’s extraction from the crust of the earth.
In late October 2016, the price of oil was trading around the $50 per barrel, above its pre-2004 historical price.