In this video, Steve Blackwell, CEO of Invito Energy Partners discusses their new fund (Invito Opportunity 2024 Fund) that opens March 31, 2024.
The primary objective of the Fund is to acquire non-operated working interest in Tier 1 drilling locations that are operated by established and well capitalized oil and gas operating companies. The Invito Opportunity Fund 2024, LP will focus on assets in New Mexico's Permian Basin, Oklahoma's Anadarko Basin, and North Dakota's Williston Basin, for the purpose of generating cash flow and tax deductions through the drilling of oil and gas wells. The Fund will target wells that are scheduled to be drilled in 2024 to take advantage of bonus deprecation as well as the Intangible Drilling Cost deduction to maximize the 2024 deduction. This type of investment has two benefits for investors. The first is reducing gross income via the deductions, thereby reducing tax and the second benefit is generating an income stream.
Note: This fund is only accessible to accredited investors.
If you have any questions about the fund and its potential benefits for your portfolio, please schedule a call with me below.