Making investment in the oil and gas firm is the latest hot subject matter in the United States. However, everyone cannot become an investor of the oil and gas firm. This is why there are consultants in the oil and gas firm who usually go through the potential investor’s financial status to find out whether the candidate can qualify or not.
Brian Hudnall is a proud proprietor of oil and gas firm, JBH Consulting Group which is located in Kansas City, Missouri, the United States. The company is known for offering clients with vast range of benefits which include tax benefits as well. Brian understands how the current economy of the United States is suffering and this is why he has taken steps that would help the United States to improve the financial condition. Being a native of Kansas City he ensures that his company JBH Consulting has a number of producing wells throughout the various counties of Kansas City. In addition, he also has numerous plans for impending projects in several areas all the way through the state. Apart from Kansas City, the company also has a number of producing wells throughout the various counties of Texas City.
Brian Hudnall has worked in several oil and gas firms such as Bayard Energy Solutions before becoming a part of JBH Consulting Group. Prior to this Mr. Hudnall has worked at credit division of Citibank as Assistant Vice President and at Novastar Mortgage as the credit division manager. After gaining such vast experience in oil investments; he went on to found JBH Consulting Group in the year 2007. JBH works with the top class professionals such as geologists, operators and engineers to arrange for the best oil and gas investment chances to the clients. As stated by Brian rightly, an oil and gas investor can save on taxes through numerous oil investments tax deductions. Some of the main tax deductions associated with oil and gas drilling are listed below:
- Intangible Drilling Costs or IDCs: There are drilling expenditures in relation to chemicals, labor, transportation, fuel and other related factors. These expenditures are 100% tax deductible.
- Tangible Drilling Costs TDCs: These are the expenses of equipment related to oil and gas drilling such as casing, pump jacks and wellheads. These expenditures are 100% tax deductible.
- Depletion Allowance Deductions: The oil and gas investor can get back part of the capitalization cost as soon as a producing well is drilled of the oil and gas equipment via depletion inferences.
Apart from being the owner of the renowned oil and gas firm, JBH Consulting Group, he is also the owner of well-known fitness club, Anytime Fitness which operates round the clock in more than twenty countries and in over three thousand locations. His passion for business and the aim of improving the current economy of the United States has made him the most famous person.
Thus, it can be concluded by stating that people who are invested in oil investment can contact Brian Hudnall today!