From a tax perspective, oil and gas investments have never looked better. Of course, they are not suitable for everyone, as drilling for oil and gas can be a risky proposition. Therefore, the SEC requires that the investors for many oil and gas partnerships be accredited, which means that they meet certain income and net worth requirements. But for those who qualify, participation in an independent oil and gas project can give them just what they're looking for.

“Abundant low-cost energy is stimulating a revival of manufacturing in the U.S. as well as well as increased American economic competitiveness,” he states, countering what otherwise is “a time of stubbornly high unemployment.”

Natural gas, the first-cousin to crude oil, is a combustible, gaseous fossil fuel often found in underground reservoirs and comprised of methane and other hydrocarbon compounds. It rarely attracts as much interest or headlines as petroleum, but in the last year or so, many have predicted that a new natural gas era may be dawning.

Crude oil is a form of hydrocarbon, but did you know that there are different types of this oil. Although classifications are present, these vary in many aspects. Let us take a look at the various classifications for crude oil in the following.

With the global demand for oil continuing to grow, have you considered investing in oil and gas with a self directed IRA? It could be an ideal way to grow and produce yields for your retirement with a producing Well.

The evidence is mounting that not only do we have more than a century's worth of recoverable oil in the United States alone (even if there is a limit to the earth's oil supply), but that we also actually have a limitless supply of Texas tea because oil is in fact a renewable resource that is being constantly created deep under the earth's surface and which rises upward, where microscopic organisms that thrive in the intense pressure and heat miles below us interact with and alter it.

Surging oil and natural gas production brought on by hydraulic fracturing is lifting the U.S. economy by lowering energy costs for consumers and manufacturers, according an industry-funded report.

American oil production had a banner year in 2012, largely thanks to new drilling techniques that recover oil from shale rock formations. As world energy supplies grew, demand for energy moderated, thanks to Europe's recession and energy-saving efforts.

Investment in U.S. oil and gas production reached the highest level in at least a decade, according to the accounting firm Ernst & Young. “Everyone wants in, and they are paying a premium to play.”

For now and for the foreseeable future, Texas finds itself in the vanguard of a largely unexpected, unprecedented energy boom that has significant national impacts. Widespread use of horizontal drilling and hydraulic fracturing (fracking) is making it possible to harvest huge amounts of natural gas and oil that were thought to be too expensive to produce only a few years ago.

The discovery and production of oil occurred sporadically during the second half of the nineteenth century. After the Civil War, encouraged by the growing national market for kerosene and other petroleum products, Lyne T. Barret drilled and completed a well near Oil Springs in Nacogdoches County, but a decline in prices barred further financing of the venture. In 1886, George Dullnig, a Bexar County rancher, discovered a small quantity while drilling for water, but it was not sufficient to justify additional development.

“With a discovery like this, we are very excited for our partners and are looking forward to seeing what this well can do for us,” said Shawn McKee of Adroit Asset Management.