Institutional Access to Non-Operated Energy
Direct working interest ownership in Oklahoma's premier oil & gas basins
Est. 2026 | Oklahoma STACK & SCOOP Plays | Accredited Investors Only
Why Non-Operated Oil & Gas?
Non-operated working interests provide direct ownership in proven oil and gas wells without the operational burden. Investors participate alongside top-tier operators in established basins, capturing the economic benefits of energy production while leveraging the expertise of experienced drilling companies.
Direct Economics
Unlike public energy equities, non-operated interests provide direct participation in wellhead revenue. There's no corporate overhead diluting returns—investors receive their proportionate share of production revenue based on their working interest percentage.
Proven Basins
Our focus is exclusively on Oklahoma's STACK and SCOOP plays within the Anadarko Basin—world-class formations with decades of production history, extensive infrastructure, and repeatable drilling inventory that reduces geological risk.
Top-Tier Operators
We partner exclusively with proven operators who demonstrate consistent drilling efficiency and superior production results. These established companies handle all operational aspects—from permitting to production—while investors benefit from their expertise.
Portfolio Diversification
Capital is deployed across multiple modern horizontal wells, mitigating single-well risk while capturing basin-wide upside. This diversified approach provides exposure to the energy sector's real yield potential while managing concentration risk.
NonOp Energy Strategy & Fund Structure
Investment Strategy
Geographic Focus
Exclusive focus on Oklahoma's STACK (Sooner Trend Anadarko Canadian Kingfisher) and SCOOP (South Central Oklahoma Oil Province) plays within the Anadarko Basin—one of North America's most prolific sedimentary basins with over a century of production history.
Modern Horizontal Wells
All investments target modern horizontal drilling projects utilizing advanced geosteering technology. Horizontal wells provide 3-5x greater reservoir contact than traditional vertical wells, dramatically improving production predictability and ultimate recovery.
Operator Selection
We partner exclusively with proven, top-tier operators in Oklahoma who demonstrate consistent drilling efficiency, superior production results, and strong operational track records in the target formations.
Fund Structure
Annual Series Structure
Standalone annual vehicles structured as Rule 506(c) funds, open exclusively to accredited investors. Each vintage year is ring-fenced with no cross-collateralization between fund years.
Capital Deployment
Funds are deployed across a diversified portfolio of multiple wells following review and execution of Authorizations for Expenditure (AFEs) from operators. Full transparency through detailed joint interest billings.
Distribution & Assignment
Production revenue flows to the fund and is distributed to investors. At payout, working interests are assigned directly to investors, converting fund units into direct working interest ownership for the productive life of the assets.
Note: Specific fund terms, target hold periods, minimum commitments, and projected returns are detailed in the Private Placement Memorandum (PPM) available to qualified accredited investors.
Tax Benefits
Direct working interest ownership in oil and gas wells offers unique tax advantages specifically designed to incentivize domestic energy production. These benefits can significantly enhance after-tax returns for qualified investors.
Intangible Drilling Costs
Full deduction of intangible drilling costs (IDCs) in the first year of investment, typically representing 70-80% of total capital contribution.
Accelerated Depreciation
Equipment and tangible assets are eligible for accelerated depreciation schedules, further increasing year-one deductions and improving cash-on-cash returns.
Percentage Depletion
Allows for a 15% tax-free deduction of gross income from production, effectively sheltering a portion of cash flow throughout the productive life of the well.
Important Tax Disclaimer
The information provided above is general in nature and for educational purposes only. It does not constitute tax, legal, or investment advice. Tax treatment of oil and gas investments depends on current tax law, individual circumstances, and proper structuring.
Investors should be aware that tax benefits may be subject to Alternative Minimum Tax (AMT) considerations, passive activity loss limitations, and other restrictions based on individual tax situations.
All prospective investors must consult with their own qualified tax advisors, CPAs, and legal counsel to understand how these tax provisions apply to their specific situation before making any investment decision.
Track Record & Approach
NonOp Energy brings institutional discipline to non-operated energy investments, focusing on proven basins, top-tier operators, and transparent execution.
Geographic Focus
Exclusive focus on Oklahoma's STACK and SCOOP plays within the Anadarko Basin. These world-class formations offer:
- Multiple stacked pay zones for efficient resource extraction
- High-yield liquids-rich production with long-life reserves
- Extensive infrastructure and over a century of production history
Modern Technology
All investments target modern horizontal drilling projects utilizing advanced technology:
- 5,000-10,000 feet of reservoir contact vs. traditional vertical wells
- 3-5x recovery factor improvement through horizontal laterals
- Geosteering precision to maximize productive rock exposure
Investment Alignment
Return of Capital First
100% of initial distributions go to investors until full capital is returned, ensuring downside protection and alignment of interests.
Post-Payout Participation
After payout, a 75/25 split (75% to investors, 25% carried interest) aligns long-term incentives. Principals only profit after investors have recouped their capital.
Long-Term Ownership
No forced exit timelines. Investors retain direct ownership of working interests for the productive life of the assets, capturing long-tail production value.
Note: Specific historical performance data, case studies, and quantitative track record information are available to qualified accredited investors in the Private Placement Memorandum and supporting materials.
Leadership Team
NonOp Energy is led by experienced professionals with deep expertise in energy investments, legal structuring, and operational execution.
Justin Greenfield, JD
Founder
Legal and structuring expertise with focus on energy investments and fund formation. Brings institutional discipline to non-operated working interest opportunities.
Judd McDonald
Co-Founder
Operational and investment execution leadership. Focuses on operator relationships, deal sourcing, and portfolio management across Oklahoma basins.
Mike McDonald
Senior Advisor
Strategic advisory role providing industry insights and operational guidance. Extensive experience in energy sector investments and basin-level analysis.
Our Approach
The NonOp Energy team combines legal expertise, operational knowledge, and investment discipline to provide accredited investors with institutional-quality access to non-operated working interests. We prioritize transparency, alignment of interests, and long-term value creation through careful operator selection and basin focus.
Note: Detailed team biographies, professional backgrounds, and prior experience are available to qualified investors in the offering materials.
Investor Fit & Process
Who Should Invest?
NonOp Energy funds are structured as Rule 506(c) private placements and are available exclusively to accredited investors as defined by SEC regulations.
Ideal Investor Profile
- Accredited investors seeking energy sector exposure
- High-net-worth individuals with tax planning needs
- Investors seeking passive income and diversification
- Long-term oriented capital with 5+ year horizon
Investment Considerations
- Illiquid investment with limited secondary market
- Returns correlated to commodity price fluctuations
- Requires understanding of oil & gas fundamentals
- Tax benefits require consultation with advisors
Investment Process
Initial Contact
Submit an inquiry through our contact form or schedule an introductory call. We'll discuss your investment objectives, accreditation status, and provide an overview of current fund opportunities.
Due Diligence Access
Upon verification of accredited investor status, gain access to the data room containing the Private Placement Memorandum (PPM), offering documents, historical performance data, and detailed fund terms.
Subscription
Complete subscription documents and fund your commitment. Capital is held in escrow until deployment into specific well opportunities that meet our investment criteria.
Ongoing Reporting
Receive regular updates on capital deployment, well performance, and production results. Monthly distributions begin once wells reach production, with detailed reporting and tax documentation provided annually.
Ready to Learn More?
Contact us to receive detailed information about our current fund opportunities, access to the Private Placement Memorandum, and schedule a consultation with our team.
ir@nonopenergy.com
Headquarters
Oklahoma City, OK
Investor Portal
portal.nonopenergy.com
Get in Touch
Important Disclosures
Not an Offer: This website is for informational purposes only and does not constitute an offer to sell or a solicitation of an offer to buy any securities. Any such offer or solicitation will be made only through the Private Placement Memorandum (PPM) and related offering documents to qualified accredited investors.
Accredited Investors Only: Investments in NonOp Energy funds are available exclusively to accredited investors as defined under Rule 501 of Regulation D of the Securities Act of 1933. Investors must meet specific income or net worth requirements and verify their accredited status.
Risk of Loss: Investing in oil and gas working interests involves substantial risk, including the potential loss of your entire investment. Returns are subject to commodity price volatility, operational risks, geological uncertainties, and regulatory changes. Past performance is not indicative of future results.
Illiquid Investment: Interests in NonOp Energy funds are illiquid and there is no secondary market for the sale of such interests. Investors should be prepared to hold their investment for an extended period and should not invest funds they may need for other purposes.
Tax Considerations: The tax information provided on this website is general in nature and for educational purposes only. It does not constitute tax advice. Tax treatment depends on individual circumstances and current tax law. All investors must consult with their own qualified tax advisors before making any investment decision.
Forward-Looking Statements: This website may contain forward-looking statements regarding future performance, strategies, and opportunities. Such statements are subject to risks and uncertainties and actual results may differ materially from those projected.
No Guarantee: There is no guarantee that any investment will achieve its objectives, generate profits, or avoid losses. All investments carry risk and investors should carefully review all offering materials before investing.
By accessing this website, you acknowledge that you have read and understood these disclosures and that you are either an accredited investor or are seeking information for educational purposes only.