Tax Strategy Blog for Business Owners

"Information is the resolution of uncertainty."
Claude Shannon
July 30, 2026
Oil & Gas Return of Capital — Is the Money Back Recapture?

“I’m a direct owner in a new oil & gas well, I took the intangible drilling cost deduction in 2025, and the drilling came in under budget — so I’m getting capital back. Is that recapture?” Oil and gas return of capital is a question that worries direct investors: you deducted the intangible drilling costs, […]

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