WHY WHEELER RESOURCE RECOVERY?

We are an 86-year-old company with a proven track record of expertise and success. Our founder has put over 29,000,000 barrels of oil in the tank.

WHAT IS SECONDARY OIL RECOVERY?

The bulk of the oil in a field is extracted in the second phase of development at a lower cost and at a much lower risk than primary recovery. We recover up to 50% of the original oil, while sustaining and increasing production by injecting water.

HOW DO YOU EVALUATE AN OIL & GAS PROJECT?

When evaluating an oil & gas project, you’ll want to look at the company’s track record, figure out whether the company has an actual stake in the project, and calculate your return on investment (ROI). Luckily, Wheeler has a proven track record of success with secondary oil recovery and we invest our own money into every project, only making money when our investors do too. Through secondary oil recovery, our projects are also cost efficient, come with unique tax benefits, and have a much lower breakeven price than primary oil recovery.

WHO IS ELIGIBLE TO INVEST?

We have established a field development project where a non-industry investor can participate in the same capacity as an industry insider. As such, we are looking for accredited investors, regardless of industry knowledge, who want to be a part of a low-risk, high-reward investment. We seek out investors that want to partner with us to successfully execute a development project, all while not exposing the investor to the full cost of the cost of the project.

HOW DO I MAKE MONEY INVESTING?

Where other companies in the space make money by raising money, we make money by successfully completing projects. We have a vested interest with our investors, meaning we only make money when you make money.

WHAT ARE MY TAX BENEFITS FOR INVESTING?

Oil investing tax breaks are significant. The Federal Tax Code Section 263 and Section 179 allows our investors to deduct 90% of total invested funds, the year deployed, against all other taxable income, active, passive or portfolio. It is important to note that these are not deductions of a loss subject to the $3,000.00 annual limit, but are treated by the Tax Code as the deduction of an expense and can be taken in full the year incurred regardless of any other loss/gain deduction for the year. Additionally, the Tax Code allows all oil revenue from your oil well to be 15% tax free under the Federal Depletion Allowance. For any questions, contact us here.

Employee Spotlight: Mike Nash, Field Supervisor

Mike Nash started his career in oil in 1984 and this year marks 40 years in the industry. During
his tenure he has become an expert in managing field operations. As Field Supervisor, Mike
Nash is responsible for overseeing all operations at Wheeler Resource Recovery’s Madison
County, Texas site. In his nearly three years in this role, he has led operational efforts in the
drilling of four new wells and currently manages 8 team members onsite.

Mike directs his team in the drilling of wells and leads production efforts. Each day Mike arrives
onsite, he and his team conduct testing to ensure all parts and machines for oil extraction are
properly functioning. This includes checking gauges, wheels and additional oil drilling parts.

Oil production can be a dangerous and difficult job. On a daily basis, Mike ensures that his team
closely follows safety protocols so that all team members return home safely from the field. Due
to the nature of Texas weather, his team is bound to be impacted by severe conditions, such as,
tornados, drought, flooding, heavy winds and more. Mike and his team are crucial to Wheeler’s
efforts of rebounding from these events and ensuring site operations can resume as soon as
possible.

To Mike, there is no greater reward than striking oil and working the team members you want to
spend time with. These are two of the main reasons he continues to enjoy his time with Wheeler
Resource Recovery! Mike Nash is a huge reason why the Madison County project continues to be a success and we look forward to seeing what he and his team accomplishes in the coming years.

Outside of his time in the field, Mike enjoys spending time with his kids and grandchildren.