Oil and gas strategies for high-income investors.
Direct participation in oil and gas drilling can produce large first-year deductions through intangible drilling costs, along with income from production. It also carries real drilling and commodity risk.
Nashional Investments · Updated October 2026
Intangible Drilling Costs
Labor, chemicals and other non-salvageable costs, generally deductible in the year incurred.
Tangible Drilling Costs
Equipment costs, recovered through depreciation over several years.
Percentage Depletion
A deduction on a portion of production income for eligible small producers and royalty owners.
What we look at
Operator experience, drilling locations, how capital is spread across wells, costs and the operator's carried interest, and how the deduction fits your tax year. We coordinate timing with your CPA so the deduction lands when it helps most.
Energy programs are speculative, illiquid and available only to accredited investors. Production and prices can fall, wells can be dry, and you can lose your entire investment. Tax benefits depend on your circumstances and current law.
Alternative investments are speculative, illiquid and intended only for accredited investors who can bear the loss of their entire investment. Tax benefits are not guaranteed and depend on your situation and current law. Offerings are made only by the sponsor's private placement memorandum. Nashional Investments is not a broker-dealer and does not sell securities. Consult your tax and legal advisers before investing. Read our disclosures.
Common questions about energy investing.
Can energy deductions offset my salary or business income?
What happens if a well is dry?
Start with a conversation.
Your first conversation with us is complimentary. We will tell you which strategies fit your situation, and which do not.