LegacyCrest CapitalPrivate Energy · Plano, TX
Four producing horizontal wells in the Delaware Basin, Wolfcamp C target. First distributions arrive Q1 2026. Up to 100% of invested capital is deductible in Year 1 under current IDC and TDC bonus-depreciation treatment, giving working-interest holders an active-income offset that pooled real-estate syndications cannot match.
All four wells are drilled, completed, and producing on a 42/64 choke at roughly 66% of full capacity. Drilling risk is gone. What remains is the long, cash-generating tail that working-interest LPs sit directly on top of, with the GP co-invested alongside.
Working-interest oil and gas remains one of the last places in the tax code where invested capital can offset active income in the year it is deployed. $100,000 deployed translates to roughly $80,000 of IDC plus $20,000 of TDC, all available against your active income under current treatment.
Tax treatment available in 2025 may differ for 2026 and beyond. Speak with your CPA before subscribing. The point is structural: working interest, unlike most passive vehicles, sits inside the active-income bucket.
LegacyCrest was founded in 2016 after Jason ran the private equity desk for Choice Exploration. Ten years and $19.6M of LP capital later, the platform has returned $13.7M and owns nine producing assets. The next offering is in development and will launch from that producing base rather than as a blind drill program.
Jason graduated from Texas State University in 2004 with a BBA in Finance, then spent 2010 through 2016 running the private equity portfolio at Choice Exploration, a privately held oil and gas operator with wells across Texas, Louisiana, and Oklahoma. Those six years taught him the three things institutional sponsors who survive a full cycle do consistently. They underwrite to the downside. They keep working-interest structure clean enough that LPs hold the asset directly. And they vertically integrate where the margin is fee-based and counter-cyclical to oil price, which is the reason Jason also founded Alpha SWD, a salt water disposal operator that sits beside the upstream business.
The result is a platform where LPs hold real working interest in named wells, the GP co-invests on the same terms, and the surrounding midstream economics are owned rather than rented from a third party.
A 30-minute call to walk through the current offering, the structure, and what the next deployment looks like. No pressure to subscribe. Bring your CPA if you want to test the tax mechanics directly against your situation.
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