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Patrick Eneregy
6660 South Sheridan Road, Suite #250 , Tulsa, Oklahoma, United States

Memberships : NA
Industry : Oil & Gas
Basic Member
Since Feb, 2019
About Company

Patrick Energy Group, Patrick Petroleum, LLC, Patrick Energy Corp, Patrick Energy Management, LLC , Patrick Energy Partners, LLC, Patrick Energy Resources, LLC are each specific and individualized private successors to Patrick Petroleum Company; founded in 1962 by U. E.   "Pat" Patrick.  Each companys success is based on one simple corporate philosophy, and that is: staying focused on the things you know. Each company has a specific focus; and our newest company Patrick Energy Resources, LLC is purposely formed to focus on lower risk, higher quality oil and gas acquisitions and drilling development properties. Patrick Energy Resources, LLC offers the investment community an opportunity to participate in these upstream prospects and projects for tax and income growth advantages.

Patrick Energy Resources, LLC - Invest in Oil and Gas

  Patrick Energy Resources, LLC is a wholly owned subsidiary of Patrick Energy Corp. a company started by U.E. "Pat" Patrick and Mark Patrick in 1998. Patrick Energy Resources, LLC ("PER") was formed for the exclusive purpose of acquiring, developing and managing lower risk production and development properties that meet our standards as a continuous added value asset for our Private Equity direct ownership and our Private Placement Drilling and Production Acquisition Programs ("PPM") in the oil and gas industry.  The design of the PER plan is a focused and selective acquisition of the quality properties in established producing basins in the lower 48 states. This design approach is well suited for the management of PER in that the track record of the principals of PER have a proven history of countless successes in the oil and gas industry that span over 50 years of exploration and acquisition transactions.  PER has already identified lower risk higher quality property opportunities for acquisition. The approach, of targeting properties that have a specific plan in place for development is what PER expertise is about. The principles are oil and gas people with extensive knowledge within the E&P and acquisition sectors of the industry. This is where PER believes it has an advantage over many of the other private investment equity and PPMs offered in the same market. Our history, knowledge and relationships we have established with quality oil and gas "oil finders over the last fifty years is our advantage over many of the other programs being started in the Private Equity investment and PPM market today.  PER specific focus for properties in the Industry is the niche being overlooked by many of the other companys with  PPMs currently circulating. PER  equity investors and  PPMs are initally selecting the lower risk and shallower plays in the $10MM to $40MM range that have the ability to increase in value and size significantly as they are developed.  Additionally PER capital approach for the investment of its Private Equity and PPM funds is further defined to allow the flexibility to strategically invest its funding in individual and  multiple well acquisition and drilling properties; therefore allowing the probability of success to increase and also reducing the investment risk. This multi-opportunity approach will allow PER to deploy its capital to each property according to its success. A very simple but highly effective equation: invest in multiple well, quality properties, execute the initial development capital, compare results, and deploy the proportionate capital to the higher success higher return properties.

ADVANTAGES

  • Investing in oil and gas stocks on public exchanges, or investing through direct private participation programs.   Public Stock, Royalties, Working Interest, 
  • The tax benefits for an Oil and Gas investment include three distinct mechanisms. Due to the tax code revision in 1986, the combintation of the following tax benefits make Oil and Gas one of the (if not the most) lucrative investment vehicles available:  
  •  Everything but the equipment: the Itangible Drilling Costs  (IDC) can account for 65-85% of total drilling costs. These costs are 100% deductible in the year incurred. The IDC deduction is an attractive incentive for investing in Americas independent oil and gas producers and allowing their investors  the flexibilty to offset their income. 
  • Tangible Drilling Costs (TDC): actual direct costs of drilling the well. 100% deductible, but must be depreciated over 7-years.
  • Active vs. Passive Income: The tax code specifies that a working interest (as opposed to a royalty interest) in an oil and gas well is not considered to be a passive activity.This means that the tax advantages mentioned above can be active against income incurred in conjunction with oil and gas (well-head) production and can be offset against other forms of income, such as wages, interest, capital gains, etc.
  • Small Producer Tax Exemption (“Depletion Allowance”)- 15% of all gross income from producing wells. Excluded if the company; produce/refines over 50,000 barrels of oil per day, or own more than 1,000 bopd, or 6 mcf gas per day and subject to avergage anual pricing curve per EIA.
  • Lease Costs: Purchase of lease and mineral rights, lease operating costs, and all administrative, legal, and accounting expenses. (100% deductible in year incurred or ammortized over life of lease/production).
Company NamePatrick Eneregy
Business CategoryOil & Gas
Address6660 South Sheridan Road
Suite #250
Tulsa
Oklahoma
United States
ZIP: 74133
PresidentMark Patrick
Year Established1962
EmployeesNA
MembershipsNA
Hours of OperationNA
Company Services
  • Oil And Gas Acquisitions
  • Drilling Development Properties
  • Investment Services
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