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In-depth reading on the tax rules, deadlines and decisions behind direct oil and gas ownership. Written for the people who use them, free to download.

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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Our guides

Written for the decision in front of you

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.
Whitepaper
Whitepaper
High-Income Earners & Practice Owners

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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PDF · 10 pages · 13-minute read

The Surgeon's Ledger
How IRC Section 263(c) converts drilling costs into active-income deductions, and the at-risk and AMT limits that define them.
Whitepaper
Whitepaper
Surgeons, physicians, dentists, attorneys and CPAs

The Surgeon's Ledger

How IRC Section 263(c) converts drilling costs into active-income deductions, and the at-risk and AMT limits that define them.

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PDF · 10 pages · 13-minute read

The Physician's Guide to Tax-Efficient Cash Flow
How drilling deductions, depletion and the working-interest rule apply to a physician's income, including the limits most marketing leaves out.
Guide
Guide
Physicians and surgeons

The Physician's Guide to Tax-Efficient Cash Flow

How drilling deductions, depletion and the working-interest rule apply to a physician's income, including the limits most marketing leaves out.

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PDF · 10 pages · 13-minute read

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Direct oil & gas ownership for accredited investors.

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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.