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December 06th, 2018
Now Welcoming Accredited Investors
For More Information Please Call 469-802-0332
To Speak Directly With President & CEO Alfredo M. Gonzalez
Sofi Exploration is a non-operating working interest management company that does not (guarantee) any results and is fully committed to establishing, performing, and finalizing Joint Venture Partnerships.
The Tax Benefits For Accredited Investors
Intangible Drilling Cost Tax Deduction
The intangible expenditures of drilling (labor, chemicals, mud, grease, etc.) are usually about (65 to 80%) of the cost of a well. These expenditures are considered “Intangible Drilling Cost (IDC)” and are available in the year the money was invested, even if the well does not start drilling until March 31 of the year following the contribution of capital.
(See Section 263 of the Tax Code.)
Tangible Drilling Cost Tax Deduction
The total amount of the investment allocated to the equipment “Tangible Drilling Costs (TDC)” is 100% tax-deductible. In the example above, the remaining tangible costs may be deducted as depreciation over a seven-year period.
(See Section 263 of the Tax Code.)
This page is displayed as general tax code information related to oil and gas investment. The following information and Internet URL is provided for your convenience and should not be construed as tax advice from Sofi Exploration
Our Core Values
At the heart of Sofi Exploration, is our PRIDE, HONESTY, and VISION: … to be the energy company most admired for its people, partnership, and performance.
Integrity
We strive for honesty with others and ourselves. We strive to reach the highest ethical standards in all business dealings.
Partnership
We have an unwavering commitment to being a good partner focused on building productive, collaborative, trusting, and beneficial relationships with governments, other companies, our customers, our communities, and each other.
Trust
We trust, respect, and support each other, and we strive to earn the trust of our colleagues and partners.
High Performance
We are committed to excellence in everything we do, and we strive to continually improve. We are passionate about achieving results that exceed expectations — our own and those of others. We drive for results with energy and a sense of urgency.
Protecting People and the Environment
We place the highest priority on the health and safety of our workforce and the protection of our assets and the environment. We aim to be admired for our performance through a disciplined application of our Operational Management System.
"Sofi Exploration prides itself by doing market research and vetting upon joint venture partnership offerings, and performing thorough evaluations for each individual property."
We believe in Integrity, Partnership, Trust, High Performance, and Protecting People and the Environment.
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