For CPAs, Advisors & Attorneys

We Do Not Pay You.
That Is the Point.

Kingdom Exploration does not pay referral fees, finder's fees, commissions, overriding royalty interests, or any other compensation to CPAs, financial advisors, attorneys or other professionals who introduce clients to us. Nothing you tell your client about us is worth anything to you.

What we do instead is give you the materials to evaluate an oil and gas working interest for your client properly — the code sections, the limitations, the numbers, and the parts that can go wrong — so your advice stays your advice.

Request the Advisor Materials (307) 622-1645
Our compensation policy, in full
  • No referral fees
  • No finder's fees or commissions
  • No overriding royalty interests
  • No revenue share, carried interest or soft-dollar arrangement
  • No compensation contingent on whether your client invests

If a sponsor offers to pay you for introducing your client, ask what that does to your duty to the client — and what it does to your licensing position.

Notice: Kingdom Exploration's former referral partner program, under which introducing professionals were assigned an Overriding Royalty Interest, has been discontinued. It is no longer offered and no new participants are being accepted. If you previously signed an agreement with us, contact us directly at [email protected] or (307) 622-1645.

Your Advice Stays Clean

A payment that depends on whether your client invests, and scales with how much they invest, is a conflict you would then have to disclose and manage. We removed the conflict instead of papering it.

Licensing Stays Simple

Transaction-based compensation for introducing investors to a securities offering raises broker-dealer registration questions for the person receiving it. We do not put professionals in that position.

Your Client Can Hear It From You

You can tell your client, truthfully, that you are not being paid a cent for the conversation. That is worth more to them than anything we could have paid you.

What You Can Request

Materials for evaluating a direct working-interest participation on behalf of a client. Ask for any of these and we will send what we have. If a document does not exist yet in the form you need, we will say so rather than send you something dressed up as it.

Tax memo for advisors The treatment of intangible drilling costs and tangible costs, with the code sections, and the limitations that actually bite — §263(c), §465 at-risk, §461(l) excess business loss, passive-activity treatment of a working interest, and depletion
The "what to hand your CPA" checklist The specific documents and figures to ask us for before advising a client — AFE, operating agreement, the deductible/capitalised split, expected K-1 timing
Sample K-1 with the IDC breakout An illustrative, redacted example so you can see how the deduction and any income actually arrive on a return before your client subscribes
The risk factors, unabridged Total loss of principal, dry or uneconomic wells, illiquidity, operator dependence, price exposure, ongoing operating cost obligations. Published version here
A direct line for advisor questions Call (307) 622-1645 and ask your questions directly. You are welcome on your client's briefing call, and you should be on it.

What Your Client Would Be Buying

So you can evaluate it, not so you can sell it:

  • A direct working interest Actual fractional ownership in specific wells, reported on a K-1 — not a fund and not a pooled vehicle. It also carries the liabilities and cost obligations that come with ownership.
  • Year-one deductibility of intangible drilling costs IDC is deductible in the year incurred under IRC §263(c) and the regulations thereunder. The tangible portion is depreciable. The split comes from the specific well AFE, not from a marketing figure.
  • Production-dependent distributions Monthly distributions from oil sales, net of royalty and operating costs, only while and if wells produce economically. This is revenue, not a yield.
  • Real downside Working interests are speculative and illiquid. Wells can fail to produce commercial quantities, and an investor can lose the entire amount subscribed. A deduction is not a return of capital.
  • Accredited investors only, verified Offerings are made under SEC Rule 506(c), which requires that every purchaser be an accredited investor and that accredited status be verified before investment.
Explore the Investor FAQ

Request the Advisor Materials

No compensation is offered or paid. This form requests documents, nothing more.

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Rather Just Ask?

Call and ask your questions directly. There is nothing to sign and nothing being sold to you.

(307) 622-1645 Email Us
Sean Pruitt – President
Sean Pruitt President, Kingdom Exploration LLC

Direct: (307) 622‑1645

Email: [email protected]

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