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.

Wheeler Resource Recovery Breaks Ground on Well #14 in Madison County, Texas

BENBROOK, Texas –(Dec. 6, 2022)– Wheeler Resource Recovery, a leader in secondary oil recovery in proven oil fields with over 50 years of experience, announced the breaking of ground on its fourteenth two-well package in its historically successful water flood project in Madison County, Texas.

The drilling of Well #14 marks the 14th of 27 total two well packages in the entire Madison County, Texas project. As Wheeler Resource Recovery crosses over the halfway mark of the project to close out 2022, Wheeler’s proven success in its unique five-spot water recovery process has not only brought low risk, high reward to investors, but substantial tax deductibles.

Wheeler Resource Recovery’s commitment to providing profitable investment opportunities goes beyond the oil field. Investing in an oil and gas project can offer unique tax benefits, such as a 100% tax write-off for intangible drilling costs, a seven-year period where tangible drilling costs are capitalized and depreciated, and the ability to deduct intangible completion costs in the year they’re incurred. With the 2022 tax year coming to a close, there is no better time to invest in the oil and gas industry.

“In our 50 years of experience, the Madison County water flood project is on track to become the best field development we’ve completed for our organization and investors,” said Kevin Thibeau, President of Wheeler Resource Recovery. “As tax season approaches with the year’s end, now is the chance for investors to revisit whether an oil and gas investment is right for them.”

About Wheeler Resource Recovery

Wheeler Resource Recovery is a leader in secondary oil recovery and is based in Benbrook, Texas. Since 1932, Wheeler has used its five-spot water recovery process to extract oil at a lower cost and lower risk than primarily oil recovery. The principals of Wheeler Resource Recovery, Kevin K. Thibeau and J. P. Bolton, have over 50 years of oil and gas and financial experience between them and continue to operate successful oil recovery projects by partnering with accredited investors throughout the United States.