Oil & Gas Investments

* An investment in the Partnership may provide certain tax benefits; however, these tax benefits are not guaranteed. Changes in federal and state tax laws could eliminate these. For example, the Biden Administration's fiscal 2025 budget proposal would eliminate tax preferences for fossil fuels. Also, if the IRS successfully challenges the timing or allocation of the deduction of Intangible Drilling Costs, such deductions could be required to be taken into account in later tax years, including tax years that are after your investor general partner Units are converted to limited partner Units, which could adversely affect the characterization of at least a portion of the deductions as active for purposes of the passive activity rules. An investment in the Partnership involves a high degree of risk. An investor should only invest if he or she can afford the total loss of the investment. Attainment of the Partnership's investment objective to provide cash distributions to you and tax benefits will depend on many factors including the ability of the Managing General Partner to select suitable wells that will be productive and produce enough revenue to return the investment made. The success of the Partnership depends largely on future economic conditions, especially the future prices of natural gas and oil, which are volatile and may be low or decrease during the well's most productive period. There can be no guarantee that the foregoing objective or tax benefits will be attained. Before the drilling of a well, the Managing General Partner cannot predict either the volume of natural gas or oil from the well or the time it will take to recover the natural gas or oil, if at all. The quantity of natural gas or oil (i.e., reserves) decreases over time as the natural gas or oil is produced until the well is no longer economical to update.