Updated review 2026-03-26
Updated review 2026-03-26
Investment Performance and Recent Proposal
To date, I have invested a total of $314,167 across three well interests held with your group and have received only $2,138 in distributions. This level of return, over the duration of the investment, is materially below reasonable expectations.
As referenced in your correspondence dated February 25, 2026, I understand that a non-performing operator was replaced at two facilities. While I acknowledge that corrective action, it does not materially restore confidence given the prolonged period of underperformance and the limited results to date.
Since at least March 24, 2023—when I began formally documenting communications—I have received a series of varying explanations regarding operational delays and performance challenges. The evolving and, at times, inconsistent nature of these explanations has made it difficult to clearly assess the true condition, management, and outlook of the underlying assets.
With respect to your recent proposal, I want to be clear that I am not opposed in principle to reallocating capital into a producing well. In fact, I have done so successfully in other oil and gas investments. However, the structure of your proposal raises significant concerns.
Specifically, while you proposed transferring my interest from underperforming facilities into producing assets, this was conditioned upon an additional capital contribution of $67,000, alongside a reallocation of $95,000 from existing interests. I do not understand why additional capital is being requested when approximately $162,000 of my invested funds have remained tied up in underperforming assets for nearly three years, with minimal return.
From my perspective, a reasonable approach would have been to redeploy existing invested capital into productive assets without requiring further financial contribution. As presented, the proposal appears to shift additional financial burden and risk onto me as the investor, without sufficiently addressing the root causes of the underperformance or demonstrating alignment with my interests.
Given the duration of underperformance, the minimal return of capital, and the structure of the proposed solution, I remain concerned that my interests as an investor have not been adequately prioritized.