Legacy Exploration TX

Do not believe “This well is a guaranteed money-maker.”
No one can guarantee that.

At Legacy Exploration LLC, we’re here to provide numerous reputable oil investment and related services, from assistance for accredited investors to oil and gas terminology and much more – including ensuring that you never run into scams or related malpractice at any point in your investing experience. Today’s part two of our series will dig into the warning signs that often indicate an oil investment scam, plus a basic checklist we’ll help you work through to ensure there are no such risks afoot.

Several major tax benefits are available for oil and gas companies and investors that are found nowhere else in the tax code. An investment into a drilling program will result in favorable tax benefits no matter the outcome. In the event of a dry hole, a write-off is generally allowed for the entire amount invested for the tax year the investment was made.

Our team would be happy to discuss our current project with you. Please contact our office at 972-587-7380, or visit our About page to choose a team member to contact directly.

Generally, the first revenue check is mailed within 30-60 days of the start of production. This can also be referred to as the “initial payout” of capital. Depending on the potential of the well, achieving an initial cash-on-cash payout within 18-24 months is considered excellent.