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Insights

Clear, practical articles on the tax rules, transitions and structures behind direct oil and gas ownership, written for the people making the decision.

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100%

Year-one deduction on intangible drilling costs

Usable against active income, including salary and business income.

3–5x

Target multiple over 3 to 5 years

The outcome Summit sets as its target for each project.

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Latest articles

Answers to the questions you’re already asking

Tax

Tax Strategies for Physicians: Beyond Traditional Deductions and Retirement Accounts

Once retirement accounts are maxed out, what’s left? The tax rules physicians can actually use, including how drilling-cost deductions work and where their limits are.

For physicians & professionals
Ownership basics

Working Interest vs. Royalty Interest: What You Actually Own in Each

Both give you a share of oil and gas revenue. Only one makes you a participant in the business that produces it. Here is how costs, control, liability and tax treatment differ, and how to tell which one an offer is really describing.

For physicians & professionals
Tax

Unlocking Tax Savings: IRC §263(c) for Surgeons

Explore how IRS §263(c) provides a unique opportunity for high-income professionals to shelter their active income against taxes through working interest in oil and gas. Learn effective strategies tailored for surgeons and similar specialists.

Tax

Maximize Your Wealth: IRC Section 263(c) for High-Income Surgeons

Explore how high-income professionals can leverage IRC Section 263(c) for tax efficiency. This guide sheds light on opportunities to offset active income through strategic investments.

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Disclosures

This website is provided by Summit Ventures for general informational and educational purposes only. It does not constitute an offer to sell, or a solicitation of an offer to buy, any security or interest, and no such offer or solicitation will be made except through definitive offering documents provided directly to verified accredited participants.

Participation in a Summit Ventures joint venture is limited to individuals and entities that qualify as accredited under Rule 501 of Regulation D, and Summit Ventures takes reasonable steps to verify that status before any commitment is finalized, consistent with Rule 506(c) of Regulation D.

Direct working-interest participation in oil and gas development involves risk, including commodity price volatility, operational and geological risk, illiquidity, and the potential loss of some or all committed capital. Past performance of any Summit Ventures program, and the experiences described by any individual participant, are not indicative of future results and should not be viewed as typical or guaranteed.

Tax information referenced on this website is general in nature and reflects tax law believed current as of publication. It has not been prepared for any specific individual or transaction and is not a substitute for advice from independent, qualified tax and legal counsel.

Statements from program participants reflect their individual experience and are not paid testimonials unless otherwise disclosed. Individual results vary, and no statement here should be construed as a projection or promise of similar outcomes.