#46 - Investing in Oil, Gas, and Mineral Rights with Tax Advantages in Mind with Derreck Long

Passive Income Pilots

Dec 20 2023 • 46 mins

On this episode of Passive Income Pilots, Tait and Ryan interview Derreck Long.

Derreck Long, a former Senior IRA Specialist at Quest Trust Company, recently joined Eckard Enterprises. Eckard Enterprises is a family-owned and operated alternative investment and asset management firm specializing in the U.S. oil and gas industry. Derreck became a Self-Directed IRA and Solo 401K Expert in 2017. He received a CISP from the American Banking Association, spoke at hundreds of events around the United States, and even participated in lobbying efforts with Congress.

Derreck talks about how his transition from his role in self-directed IRAs to the energy sector reflects continuous learning and growth. He talks about the intricate process of drilling operations and the substantial tax deductions available to investors. He discusses the future of mineral rights ownership, likening it to real estate investment with the potential for an emerging secondary market. Derreck also touches on the legal intricacies, weighs in on political policies, and speculates on technological advancements that could revolutionize this niche.

Enjoy the show!

Show notes:
(0:00) Intro
(3:15) How Derreck migrated to Eckard
(5:14) How oil and gas investing works
(14:49) How to earn from this investment
(17:14) Tax write-offs
(18:43) Owning mineral rights
(25:56) Opportunities in the coming year
(30:01) Tax benefit on royalty interest
(34:45) Mineral rights investors
(39:11) Downside of mineral investments
(41:40) Owning the land but not the mineral rights
(43:37) Resource or book recommendations
(45:44) How to reach Derreck
(46:17) Outro

*Connect with Derreck:*
Website: https://eckardenterprises.com/
Phone: 832-840-1161 (send a text/SMS first)

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Reach out to the hosts:
Email: passiveincomepilots@gmail.com

Tait Duryea
CEO Turbine Capital
turbinecap.com

Ryan Gibson
CIO Spartan Investment Group


Legal Disclaimer

The content of this podcast is provided solely for educational and informational purposes. The views and opinions expressed are those of the hosts, Tait Duryea and Ryan Gibson, and do not reflect those of any organization they are associated with, including Turbine Capital or Spartan Investment Group.

The opinions of our guests are their own and should not be construed as financial advice. This podcast does not offer tax, legal, or investment advice. Listeners are advised to consult with their own legal or financial counsel and to conduct their own due diligence before making any financial decisions.

The hosts, Tait Duryea and Ryan Gibson, do not necessarily endorse the views of the guests featured on the podcast, nor have the guests been comprehensively vetted by the hosts.

Under no circumstances should any material presented in this podcast be used or considered as an offer to sell, or a solicitation of any offer to buy, an interest in any investment. Any potential offer or solicitation will be made exclusively through a Confidential Private Offering Memorandum related to the specific investment. Access to detailed information about the investments discussed is restricted to individuals who qualify as accredited investors under the Securities Act of 1933, as amended.

Listeners are responsible for their own investment decisions and are encouraged to seek professional advice before investing.

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