CIM-Verified Data

Sophisticated Investor FAQ

Deep answers for the questions that experienced alternative investors actually ask about the Pecos Valley JV. All data is sourced directly from the Confidential Information Memorandum (CIM).

Showing 12 of 12 CIM-verified questions

You are purchasing a Working Interest (WI) in a portfolio of 421 oil and gas wells, which makes you a general partner in a Texas Joint Venture named the Pecos Valley Joint Venture.

This is not an Overriding Royalty Interest (ORRI) or a stock. As a Working Interest owner, you participate directly in the operational profits and costs. You are buying a direct, albeit fractional, ownership in the well operations.

For each $100,000 unit, you acquire a 0.86100% Working Interest (WI) and a corresponding 0.64183% Net Revenue Interest (NRI) in the 421 wells. Your monthly distributions are paid based on your NRI.

Key Numbers

  • Asset Type:Working Interest (WI)
  • Per $100K Unit:0.86100% WI / 0.64183% NRI
  • Well Portfolio:421 wells in Eddy & Lea Co., NM
  • Entity:General Partner in a Texas JV

Pro Tip

Emphasize the term 'Working Interest.' It signals a more direct and involved form of ownership than typical passive investments. Frame it as becoming a partner in the oil business, not just a passenger.

Compliance Note: Do not compare it to buying a stock or a security. Per ENR, this is an exempt offering, but framing it as a non-security is a legal conclusion. State the facts: it's a general partnership interest.