Texas Oil InvestmentsCongress has provided tax incentives to stimulate domestic natural gas and oil production financed by private sources. Oil and Natural gas from domestic reserves helps make our country more energy self-sufficient by reducing our dependence on foreign imports. These tax incentives were placed in the Tax Code by Congress to make participation in oil and gas ventures one of the best tax advantaged investments |
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| Oil and Gas Exploration offers the best tax | |||||
| Excellent tax breaks are available for the individual investor. |
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| Drilling Exploration Opportunities | |||||
Small drilling prospects are better than ever (and there are more of them). COMPETITION The big money has gone offshore and overseas, because there are too few easy-to-find big oil fields remaining.
Over 10,000 oil companies have left the arena since 1982. |
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| DEMAND/CONSUMPTION | |||||
| Petroleum demand is doubling about every 10 years.
U.S. oil stock piles are at 27 year low. (14 days of domestic consumption) Energy demands by developing countries such as China and India are increasing at an alarming rate. |
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| ENERGY PRODUCTION | |||||
| Energy production prices are increasing at a rapid rate. Experts predict crude oil prices will be approaching $200 a barrel by 2010. US energy production is at an all time low. Foreign oil imports into the US account for over 60% of our daily usage. |
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| INVESTMENT OPPORTUNITY | |||||
| There are a large number of private investment opportunities available in the market today. Care must be taken by the private investor to carefully choose which investment program best fits his objectives. Proper due diligence should be done to determine the competency of any company offering participation in private exploration programs. |
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| THE SECUTITIES AND EXCHANGE COMMISSION HAS NEITHER APPROVED NOR DISAPPROVED THE UNITS OF PARTICIPATION HEREIN AND IT IS A CRIMINAL OFFENSE TO REPRESENT THAT THE COMMISSION HAS APPROVED SUCH UNITS OR PASSED UPON THE MERITS OR VALUE OR HAS MADE ANY FINDING THAT THE STATEMENTS IN THIS MEMORANDUM ARE CORRECT. THE UNITS OF PARTICIPATION HEREIN HAVE NOT BEEN REGISTERED WITH THE SECURITIES AND EXCHANGE COMMISSION AND ARE OFFERED PURSUANT TO CERTAIN EXEMPTIONS FROM REGISTRATION SINCE THE UNITS ARE NOT BEING REGISTERED UNDER THE SECURIITIES ACT OF 1933. THE UNITS CANNOT BE SOLD BY THE PARTICIPANT UNLESS THEY ARE SUBSEQUENTLY REGISTERED UNDER SUCH ACT OR UNLESS AN EXEMPTION FROM SUCH REGISTRATION IS AVAILABLE AT THE TIME OF SALE | |||||
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