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Optimum Fortis 8 Joint Venture

Income
Anadarko Basin, OK
Target Return
20.00%
Minimum
$87,500
Hold Period
15 Years
Optimum Energy PartnersSponsored by Optimum Energy Partners · $100M AUM
Overview

Optimum Fortis 8 Joint Venture is a Texas joint venture formed to acquire minority working interests in eight oil and gas wells, with seven located across Oklahoma and one offshore well in the Gulf of America. The venture is managed by Optimum Energy Partners LLC, which serves as Managing Venturer and co-invests alongside participants. The offering is open to accredited investors on a best-efforts basis, with a capitalization period running through June 30, 2026.

Why This Opportunity

  • Diversified well portfolio: Capital is spread across eight separate wellbores operated by five different operators, reducing concentration risk associated with any single well, formation, or operator

  • Established operators: Wells are operated by Camino Natural Resources, Charter Oak Production, Continental Resources, Mewbourne Oil Company, and White Fleet Operating

  • Active basin exposure: The Oklahoma wells target the Cherokee, Red Fork, Tonkawa, and Woodford formations within the Anadarko Basin, one of the most active oil and gas plays in the country. The offshore well targets the Miocene formation in the Gulf of America

  • Tax-advantaged structure: Working interest participation provides access to tax benefits not available in most other investments, including first-year deduction of Intangible Drilling Costs which typically represent 60-80% of total well costs

  • Sponsor alignment: Optimum Energy Partners contributes 1% of initial venture capital and ties its compensation to the performance of the underlying turnkey contract

  • Projected returns: Estimated 20.0% IRR and 4.0x equity multiple over a 15-year hold period

Deal Structure

  • Minimum investment: $87,500

  • Up to 28 total Units offered at $500,000 per full Unit, with fractional Unit options available

  • Capitalization period runs through June 30, 2026

  • Optimum Energy Partners contributes 1% of initial venture capital and owns 1% of the venture

  • Structured as a Texas general partnership with participants holding voting rights on key venture decisions

  • Assuming full capitalization of all 28 Units, each Unit represents a 3.5357% interest in the venture

Working Interests Acquired (Assuming Full Capitalization)

  • Camino Well (Canadian County, OK): ~6.50% working interest / ~4.875% net revenue interest

  • Charter Oak Well (Custer County, OK): ~3.00% working interest / ~2.25% net revenue interest

  • Charter Oak Well (Roger Mills County, OK): ~1.50% working interest / ~1.125% net revenue interest

  • Continental Wells (Caddo and Grady Counties, OK): ~2.00% working interest / ~1.50% net revenue interest in each of 2 wells

  • Mewbourne Wells (Ellis and Roger Mills Counties, OK): ~3.00% working interest / ~2.25% net revenue interest in each of 2 wells

  • White Fleet Well (Gulf of America): ~2.00% working interest / ~1.50% net revenue interest

Unaffiliated third parties hold the remaining working interest in each well, and landowners retain approximately 25% in royalty or overriding royalty interests.

Turnkey Contract

  • Venture enters into a Turnkey Contract with Optimum covering acquisition of working interests, drilling, completion (including fracturing and equipping), and all organizational costs

  • Aggregate fixed Turnkey Price of $14,000,000 assuming full capitalization ($500,000 per Unit), capping participant exposure for initial operations with no unexpected capital calls for initial drilling and completion

  • Operators (not Optimum) are responsible for supervising drilling, completion, equipping, and ongoing production activities on their respective wells

Tax Benefits of Working Interest Participation

  • Intangible Drilling Costs (IDCs): Generally 60-80% of total drilling costs are 100% deductible in the year incurred

  • Tangible Drilling Costs: 100% deductible, depreciated over a 7-year schedule

  • Depletion Allowance: The "small producer exemption" excludes 15% of gross income from oil and gas wells from taxation for qualifying participants

  • Active Income Treatment: Working interests are classified as active (not passive), meaning net losses can be offset against other forms of active income such as wages, interest, and capital gains

  • AMT Exemption: Excess intangible drilling costs are specifically exempted as a preference item on the alternative minimum tax return

How Allocation Works
$12,500,000
Offering Size
÷
$87,500
Minimum
=
142
Investor Limit
142 is the investor limit if everyone invests the minimum. Since many invest more, the offering typically fills with fewer.
Project Your Returns
The Market

Anadarko Basin, OK

The venture's assets are concentrated in the Anadarko Basin of western Oklahoma, one of the most prolific oil and gas producing regions in the United States, with a single offshore well located in the Brazos Area of the Gulf of America.

Anadarko Basin, Oklahoma

  • The deepest Phanerozoic sedimentary basin in North America

  • The Cherokee Group has produced over 1.2 trillion cubic feet of gas to date and remains one of the most active oil and gas plays in the basin

  • Key productive formations (Cherokee, Red Fork, Tonkawa, Woodford) have seen renewed development activity through horizontal drilling and hydraulic fracturing

  • The venture's Oklahoma wells span Canadian, Custer, Roger Mills, Caddo, Grady, and Ellis Counties within the basin's most active development corridors

  • Supported by established pipeline infrastructure, experienced field service networks, and a 7.5% severance tax rate

  • North-central Roger Mills County has experienced a recent surge in Cherokee Group activity, with horizontal wells drilled at true vertical depths of 9,000 to 10,900 feet and laterals extending 9,176 to 11,143 feet

  • Nearby offset wells have recorded 30-day peak production rates of 474 to 2,118 BOE per day, with estimated ultimate recoveries ranging from 685,038 to 2,454,915 BOE

Gulf of America (Offshore Well)

  • Located in the Brazos Area along the Corsair Fault, a proven gas-producing region

  • Adjacent to historically productive fields operated by Shell, Exxon, Pioneer, and Mesa

  • Nearby key wells have recorded cumulative production exceeding 400 BCF of gas

Oklahoma remains a top-five oil and gas producing state, benefiting from sustained drilling investment, a pro-energy regulatory environment, and continued demand for domestic production.

Common Questions

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Target Return
20.00%
Equity Multiple
4.00x
0 Views
142 Investor Limit

Initial Investment ($)

$87,500$87,500$1M

Assuming your selected investment, after 15 years you could expect a return of:

Projected Return (15 yrs at 20% IRR)
$350,000
Irvine, CA 92612

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