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Royalty interest in PDP (proven developed producing) wells
Permian Basin formation
Located in Howard County, Texas
18 producing horizontal wells
Operated by Birch Operations
20.5% average last-7-month annualized yield
Upside and yield growth potential with flush production from wells added in March. Yield is subject to production and commodity price variability
15% tax-free revenue stream (federal depletion allowance), IRC-1031 exchange compatible (like-kind real estate tax deferral). Suitable for self-directed IRA, family trusts, and direct purchase