Oil and Gas Wells for Sale: Direct Investment Opportunities
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Well ROI Estimator
Model potential returns based on production rates, prices, and your working interest.
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- /When we say 'wells for sale,' we mean specific drilling projects you can invest in directly
- /Every project comes with cost breakdowns, geological reports, and production projections
- /You'll hold working interest in identified wells with defined locations and economics
- /2026 drilling programs are open now -- fill out a suitability questionnaire to get started
What "Oil Wells for Sale" Means at BassEXP
When we talk about oil and gas wells for sale, we're talking about specific drilling projects you can put money into directly. This isn't a stock listing or an ETF. You're investing in identified wells with defined locations, cost structures, and geological data backing each one. You hold a working interest and share in production revenue and significant tax benefits. For a full walkthrough of how to invest in U.S. oil wells, see our complete investment guide.
What Investors Evaluate
Before you write a check, you'll dig into the project economics: estimated drilling and completion costs, IDC/TDC splits, projected production rates, and return scenarios at different commodity price levels. You'll also look at the operator's track record, the geology behind the well location, and the project timeline. Smart investors compare opportunities side by side and understand each one's risk profile before committing.
How Bass Energy & Exploration Supports Diligence
We don't hold anything back. Every project comes with detailed offering documents, cost breakdowns, geological reports, and production projections. Our team answers questions directly -- no runaround. The Bass family has over 100 years of combined experience, and we put our own capital into every program alongside our investors. You should know exactly what you're buying before the check clears.
How to Get Access
- Qualify: Fill out our suitability questionnaire so we can confirm your investor status.
- Review opportunities: We'll share current projects with full economics, timelines, and risk disclosures.
- Invest: Subscribe through the Private Placement Memorandum and receive your working interest allocation. Use our investor tax calculator to estimate your first-year deductions.
View our current drilling projects to see available opportunities with full cost breakdowns and projected returns.
What You'll Typically See on a Project Page
- Location: Basin, formation, and county where the well will be drilled.
- Well type: Vertical, horizontal, or re-completion; new drill or existing production.
- Use of proceeds: Breakdown of drilling, completion, equipment, and operating costs.
- Timelines: Expected spud date, completion, and first production.
- Risk factors: Geological, operational, commodity price, and regulatory risks specific to the project.
Risks & Trade-Offs
- Commodity prices: Your revenue tracks oil and gas prices. A price drop can cut returns even from a productive well.
- Operational risk: Drilling can hit unexpected conditions. Not every well performs the way projections suggest.
- Illiquidity: Working interests are long-term and illiquid. The write-offs reduce your net capital at risk, but they don't eliminate it. Plan accordingly.
Calculate Your Net Revenue Interest
Estimate your share of production revenue based on working interest and lease terms.
The Core Formula
NRI = WI × (1 − Royalty%)
Net Revenue Interest drives your distributions
Your Participation
Your equity share of the well.
Landowner royalty paid off the top.
Well Production
Total well gross production.
Lease Operating Expenses.
Tax Assumptions
Your NRI
1.600%
WI × (1 − Royalty%) — your revenue share
Monthly Distribution
$2,184
2.00% WI · 20.0% royalty
After-Tax Monthly
$1,557
After income tax + depletion shield
Revenue Waterfall: Monthly
Gross Well Revenue
3,000 bbl × $68
WI Gross Revenue
2.00% Working Interest
NRI Revenue
After 20.0% royalty
Net Operating Income
After LOE deducted
After-Tax Distribution
Inc. depletion shield
| Revenue Layer | $ Amount | % of Gross | Who Gets It |
|---|---|---|---|
| Gross Well Revenue | $204,000 | +100.0% | Well (all parties) |
| Royalty Paid Out | ($816) | -0.4% | Landowner / Mineral Rights |
| WI Gross → NRI Revenue | $3,264 | +1.6% | Working Interest (you @ 1.600%) |
| Lease Operating Expense | ($1,080) | -0.5% | Operator (you bear WI share) |
| Net Operating Income | $2,184 | +1.1% | Pre-tax investor income |
| Depletion Allowance (15%) | $490 | +0.2% | IRS shelter — reduces taxable income |
| Income Tax Owed | ($627) | -0.3% | Federal income tax @ 37% |
| Your After-Tax Monthly Distribution | $1,557 | 0.8% | You (investor) |
Working Interest (WI)
Your equity stake in the well. You bear WI% of all drilling and operating costs — and receive WI% of all revenue before royalties.
Drives both costs AND gross revenue share
Royalty Burden
Paid to landowners off the top of gross revenue. Royalty owners bear zero costs — they simply receive their % of every barrel sold.
Comes out before LOE or any deductions
Net Revenue Interest
The number that actually matters. NRI is the share of gross revenue you keep after all royalties are paid. This drives your check.
NRI = WI × (1 − Total Royalty %)
Depletion Shield
The IRS allows you to deduct 15% of gross NRI revenue each year as depletion — permanently tax-free income.
15% of NRI revenue × tax rate = cash saved
Illustrative, not a projection: This tool uses generalized industry assumptions to show how the asset class and federal tax code work in general terms. Outputs are not projections for any specific BassEXP offering. Individual results vary significantly with well performance, commodity prices, and program structure, and are not guaranteed. Past performance is not indicative of future results. Consult a qualified CPA or financial advisor for advice specific to your situation.
Model assumptions: Assumes 100% oil production (no gas or NGL). Does not include severance tax, ad valorem tax, gathering fees, or transportation deductions. Production assumed stable at monthly input and does not model decline curve. Percentage depletion is subject to the 100% net income limitation per property.
Disclaimer: The information provided in this article is for informational purposes only and should not be considered legal or tax advice. We are not licensed CPAs, and readers should consult a qualified CPA or tax professional to address their specific tax situations and ensure compliance with applicable laws.
“What stood out from the start was how direct Preston and his team were about the risks and the process. No sugarcoating, just real data and honest answers. That kind of transparency is rare in this space, and it's why I keep coming back.”
Charlie H.
“I spent months researching operators before I found BassEXP. The due diligence materials they provided were more detailed than anything else I'd seen: geological reports, full cost breakdowns, and monthly production updates. They run a tight operation.”
Tom C.
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