Oil & Gas
Energy income and appreciation, with some of the tax code’s most powerful advantages.
Direct energy ownership can deliver strong current income, inflation protection, and exceptional tax treatment — from intangible drilling deductions to the depletion allowance. We invest across the risk spectrum, from operated projects to passive mineral and royalty interests, matching each structure to the investor.
Oil & Gas
Real energy assets, deliberately structured
Oil & gas is one of the few asset classes where the tax treatment can be as compelling as the cash flow. North Pine sources and structures interests directly with proven operators, underwrites geology and economics conservatively, and helps investors choose the ownership form — working interest or royalty — that fits their risk tolerance and tax objectives.
Major categories
The three ways we own energy
Operated Working Interests
A direct, controlling interest in drilling and production where North Pine or a partner operator manages the asset — the highest potential return, with the deepest deductions and the most hands-on risk.
- Control over operations and capital
- Intangible drilling cost (IDC) deductions
- Direct exposure to production upside
Non-Operated Working Interests
A working-interest share alongside a lead operator — participation in drilling economics and tax benefits without running the field.
- Share drilling economics, not operations
- Retain working-interest tax treatment
- Diversify across operators and basins
Mineral & Royalty Interests
Ownership of the minerals or a royalty on production — revenue off the top with no operating costs or capital calls, and the depletion allowance sheltering income.
- No operating costs or drilling risk
- Revenue from gross production
- Depletion allowance on income
Built for the tax-aware investor
Working interests can generate active deductions that offset other income; minerals and royalties can shelter revenue through depletion. We help you weigh income, risk, and after-tax return — and coordinate with your CPA.
By introduction
Request more information
Tell us a little about your objectives and we will share relevant, current opportunities and how we structure them.
Request Information