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Frequently Asked Questions | Viper Capital Partners

Frequently Asked Questions

What are mineral rights?

The rights to what exists beneath the surface of an owned piece of land.

What are some of the tax deductions from oil investments?

Oil investors receive an allocation of Intangible Drilling Costs (IDC), which includes everything except the actual drilling equipment. These expenses are deductible in the year incurred. Oil Investors can deduct tangible drilling costs, those costs directly related to the cost of the drilling equipment, as long as they are depreciated over seven years.

What is an active well?

A well site producing hydrocarbon fuels as part of the oil & gas industry.

What is an oil & gas well working interest?

Investors obtain percentage ownership in the drilling operations whereby the investors derive income from the production of oil & gas.

Who should invest with Viper Capital Partners?

In order to invest with Viper Capital Partners, you must be an accredited investor. Your net worth must be at least $1 Million, excluding the value of a primary residence, either individually or jointly with a spouse. You must have an income of $200,000 or more as an individual or $300,000+ joint income for at least two consecutive years and a reasonable expectation of reaching the same income level in the current year.

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