This page is educational. Texas is the largest oil-producing state in the country and most investors researching direct oil and gas start there. Kingdom Exploration's current projects are not in Texas. They are conventional vertical developments in the Appalachian basin of western New York — Cattaraugus and Allegany counties. If you are specifically seeking a Permian or Eagle Ford working interest, we do not currently offer one, and you should know that before reading further rather than after a phone call.
Texas produces more crude than any other US state and has the deepest service, pipeline, and regulatory infrastructure in the country. Below: how Texas working interests are taxed, what state residency does and does not do for you, and the questions that matter regardless of which state a well sits in.
Note the phrase offset production history. “Proven reserves” is a term of art requiring an independent reserve report prepared to SEC or SPE standards. Unless a sponsor hands you that report and names the engineering firm that signed it, the honest description of nearby wells is production history — not proven reserves.
Federal oil and gas tax provisions apply to a working interest regardless of which state the well is in and regardless of where you live:
This page previously stated that Texas residents pay zero state tax on oil income. That is misleading, and materially so given where our wells are.
Oil and gas income is sourced to the state where the well is located, not the state where you live. Texas having no personal income tax means Texas does not tax your income. It does not exempt you from tax in a producing state that does. An investor holding a working interest in New York wells has New York-source income and will generally have a New York nonresident filing obligation — whether that investor lives in Dallas, Houston, or anywhere else.
The residency benefit is real only where the wells are also in a no-income-tax state. Ask where the wells are before you count the saving, and have your CPA confirm your filing obligations in the producing state. Severance and ad valorem production taxes are separate again — they are levied by the producing state on production itself and are deducted from revenue before you are paid, regardless of your residency.
| Factor | Texas | North Dakota | Oklahoma | New Mexico | New York |
|---|---|---|---|---|---|
| Personal income tax on in-state well income | None | Yes | Yes | Yes | Yes |
| Nonresident filing likely for out-of-state owners | No | Yes | Yes | Yes | Yes |
| Severance / production tax on production | Yes | Yes | Yes | Yes | Varies — confirm current treatment |
| Relative crude production scale | Largest US producer | Top five | Mid-tier | Top three | Very small |
| Infrastructure depth | Deepest in the US | Good | Good | Good | Limited — local gathering and trucking |
Why the specific rates were removed: this table previously showed state income tax rates (for example North Dakota at 1.95%), which read as top marginal rates but were not. State rates, brackets, severance rates and exemptions change frequently and differ by bracket, product, well type and vintage. Rather than publish figures that go stale and mislead, we point you to the current schedules published by each state's revenue department and to your own CPA. Production rankings reflect EIA state crude oil production data; check the current release for exact volumes. Table last reviewed July 2026.
Conventional shallow vertical wells targeting Devonian sandstone in the Appalachian basin of western New York. Project pages carry the well counts, status, and offering details; economics are in the offering documents.
Due-diligence checklist → | Investment risks →
Request the investor package and offering documents for our current New York projects, including the AFE and risk disclosures. Available to accredited investors.
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