Why should I consider a 1031 exchange?

Are many oil & gas properties exchangeable assets?

What properties qualify for a 1031 exchange?

What does not work for 1031 exchanges in oil & gas?

Interests that may not qualify are those that are limited in duration. When operating interests are exchanged, the well equipment must be analyzed separately from the exchange of leasehold interests. Oil & Gas property owners can divest without paying the capital gains taxes if they properly complete the sale as part of a 1031 exchanges, where Petroleum Strategies can serve as the Qualified Intermediary on this transaction.

How long do I have to own my property before I can exchange it?

Can I purchase my replacement property first?

Do I have to re-invest all of my cash?

How long do I have to complete my exchange?

Why choose Petroleum Strategies for your 1031 exchange?


Petroleum Strategies, Inc. does not give tax or legal advice. The information contained herein should not be relied upon as a substitute for tax or legal advice obtained from a competent tax and/or legal advisor.