Non-operated working interests: participate in the economics, not the operations.

What a non-operated interest is

As a non-operating working-interest owner, you hold a share of the same drilling and production economics as the operator — a proportional slice of revenue and costs — but the lead operator makes the operational decisions and does the day-to-day work. You retain the working-interest tax treatment while stepping back from operational responsibility.

Why investors choose it

Non-operated positions let investors diversify across multiple operators, basins, and wells rather than concentrating in a single operated project. You still access working-interest advantages — including the potential to deduct intangible drilling costs and to treat income as active — while relying on an experienced operator to execute. It is a middle path between fully active operated interests and passive royalties.

How North Pine invests

We vet operators rigorously, review the geology and the economics of each program, and negotiate participation on aligned terms. We help investors build diversified non-operated exposure sized to their risk tolerance and tax objectives, and we monitor the programs on their behalf.