Those who invest in oil and gas drilling ventures may do so for the tax benefits or potential of incredibly high returns on their investment. Prodigy Oil and Gas’s joint ventures are structured to reduce the overall tax burden of its accredited investors by utilizing the exceptional tax benefits available to these types of investments.
The returns on an oil drilling investment can be incredibly high, with both short-term and long-term payouts. It is easier than ever to predict whether or not a well will have production capability due to advances in technology and since we drill in areas of shallower depths, the cost of drilling is considerably less than the cost of deep, vertical wells. Striking it rich in oil is not really about luck but rather about the experience of the company that’s drilling the well.