Oil and Gas FAQ
Answers to Your Questions
What are the requirements?
Prickly Pear Energy only works with accredited investors. To be considered an accredited investor, you must have a net worth of $1,000,000 and/or an annual income of $200,000 or $300,000, if married.
What kind of tax advantages are available?
Investing in oil and gas is 100% tax deductible, with over 80% able to be written off in the first year, greatly reducing the cost of ownership.
How long does it take to drill the well?
There is no exact answer for this. Typically, from spud to completion a well takes approximately 3 weeks. But depending on weather conditions and the schedule of our drillers. The timeline could be longer or shorter depending on weather conditions and driller schedules.
Can I invest with my 401k?
Yes, investing using your 401k is a quick and simple process.