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 #15 IN MADISON COUNTY, TEXAS

The drilling of Well #15 creates new opportunity for accredited investors seeking tax-favorable investments ahead of the new year

BENBROOK, Texas – (Dec. 5, 2023)– 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 fifteenth two-well package in its historically successful water flood project in Madison County, Texas.

The drilling of Well #15 marks the 15th of 27 total two well packages in the entire Madison County project. This field project is projected to extract over 17.5 million barrels of cumulative oil from secondary recovery. Wheeler’s proven success using its unique five-spot water recovery process has not only brought low risk, high reward to investors, but substantial tax deductibles.

Investing in an oil and gas project can offer unique tax benefits, including:

100% tax write off of intangible drilling costs (IDC) with a direct investment in oil & gas
Tangible drilling costs (TDCs) – capitalized and depreciated over a 7-year period
Intangible completion costs (ICCs) – deductible in the year they are incurred
Depreciation of oil and gas assets – depreciated over a 7-year period
Oil and gas depletion allowance – shelter 15% of the well’s annual production from income tax
Lease operating expense oil and gas – tax deductible in the year they are incurred without AMT consequences

“On average our investors are writing off 85%-90% of their total investment the first year against any income earned,” said Kevin Thibeau, president of Wheeler Resource Recovery. “Beyond the promising returns for investors, our field projects come with a suite of tax benefits that make investing in oil and gas particularly appealing. With the 2023 tax season deadline approaching on December 31st, there has never been a more opportune moment to invest.”

Wheeler Resource Recovery invites accredited investors to join them in its venture, with opportunities available for participation in the drilling of Well #16 and subsequent projects. Contact Wheeler Resource Recovery to learn more.

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 principal of Wheeler Resource Recovery, Kevin K. Thibeau, and his team have over 50 years of oil and gas and financial experience and continue to operate successful oil recovery projects by partnering with accredited investors throughout the United States.