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TeachMeFinance.com - explain Intangible drilling and development costs (IDC) Intangible drilling and development costs (IDC) The term 'Intangible drilling and development costs (IDC)' as it applies to the area of energy can be defined as ' Costs incurred in preparing well locations, drilling and deepening wells, and preparing wells for initial production up through the point of installing control valves. None of these functions, because of their nature, have salvage value. Such costs would include labor, transportation, consumable supplies, drilling tool rentals, site clearance, and similar costs'. Previous 5 Terms: Insulation around water heater Insulator Insurer Intake Intake structure Next 5 Terms: Intangible factors Intangible Flood Damage integers integral Integral collector storage (ICS) About the author Mark McCracken Author: Mark McCracken is a corporate trainer and author living in Higashi Osaka, Japan. He is the author of thousands of online articles as well as the Business English textbook, "25 Business Skills in English". Copyright © 2005-2011 by Mark McCracken, All Rights Reserved. TeachMeFinance.com is an informational website, and should not be used as a substitute for professional medical, legal or financial advice. Information presented at TeachMeFinance.com is provided on an "AS-IS" basis. Please read the disclaimer for details.