Indepth Exploration is an oil and gas exploration company that operates throughout North America and Southern Argentina. It uses advanced technologies like 4D seismic imaging, hydraulic fracturing, slimhole drilling, measurement while drilling tools, and underbalanced drilling to efficiently explore for and produce oil and gas. The company capitalizes tangible drilling costs and amortizes them over seven years for tax purposes.

1. Indepthexploration.com
Email : duane@indepthexploration.com

2. Operations Of Indepth Exploration
 Indepth Exploration actively lease and drill oil and gas
wells throughout North America and Southern
Argentina,S.A, drilling both vertical and horizontal
wellbores, applying new trends and technology in the
petroleum industry.

3. The Technologies, Which Are Using In
Indepthexploration
 4D Seismic Imaging
 Advanced 3D Seismic
Interpretation
 Hydraulic Fracturing
 Slimhole Drilling (Micro or Small
Hole)
 MWD Tools (Measurement
While Drilling)
 Underbalanced Drilling

4. 4D Seismic Imaging
 Time-lapse 3D, or 4D, seismic technology is
the use of 3D seismic surveys acquired at
different times in the productive life of a
reservoir.
 Seismic data from current and past surveys
can both be loaded into seismic software
which is used in 3D seismic interpretation.
 This seismic could have come from either
land or sea acquisition.

5. Advanced 3D Seismic Interpretation
 3D seismic is extremely expensive.
Second, 3D seismic is good at showing
structural traps but not so good at
showing stratigraphic traps.
 Finally, 3D seismic cannot help the PG
tell if the rocks contain oil or gas, since
many traps are full of water, or the
porosity might not be sufficiently-
developed to call it a “trap” at all.
 Only by drilling a well can the presence
of oil or gas be established.

6. Hydraulic Fracturing
 A liquid mix that is 99 percent water and
sand is injected into the rock at very
high pressure, creating fractures within
the rock that provide the oil and natural
gas a path to flow to the wellhead.
 The fracking fluid mix also helps to
keep the formation more porous.
 Hydraulic fracturing is now widely used,
with more than 90 percent of the oil and
natural gas wells.

7. Slimhole Drilling
 Slimhole drilling is a slimmer hole in the
ground to get to oil and natural gas
deposits.
 It can significantly improve the
efficiency of drilling operations, as well
as decrease its environmental impact.
 It is providing an efficient means for
extracting more oil and natural gas from
un-depleted fields.

8. Measurement While Drilling Tools
 Measurement while drilling is a tool
that transmits information in real time
from the tool, located near the drill bit,
to the surface.
 This improves drilling efficiency and
accuracy in the drilling process, allows
better formation evaluation as the drill
bit encounters the underground
formation, and reduces the chance of
formation damage and blowouts.

9. Underbalanced Drilling
 Underbalanced drilling is a drilling
technique that hydrostatic pressure from
drilling mud is less than reservoir
pressure.
 It can be created by using low weight
fluids as base oil, fresh water which has
less hydrostatic pressure than the
expected formation pressure.
 The main advantage of Underbalanced
drilling is to minimized formation damage
in reservoir.

10. How the government treats oil and gas
investing
 The Tax Reform Act (Act), enacted in 1986, made
significant changes to the tax laws as they apply to oil and
gas investments. In general, more of the tax burden from
individuals to corporations.

11. Tangible Oil & Gas Drilling Costs
 Currently, the drilling of an oil and/or gas well is considered to
be production of an asset. The tangible costs associated with
drilling a well are capitalized and amortized over a seven (7)
year period, beginning with the month in which they are paid.

12. Indepth Exploration - Technology-
Driven Oil and Gas Exploration