Learning Center

Oil & Gas Education

Industry Education

A clearer view of the industry we work in

These resources give visitors a practical baseline on oil and gas work: how wells are drilled and produced, how common documents are structured, and where the real risks live.

Select a topic below to explore in-depth content. Nothing here constitutes tax, legal, or investment advice - always consult qualified professionals before making any decision.

Explore Topics

01

Oil & Gas Fundamentals

How hydrocarbons form, types of wells, the drilling process from spud to first production, decline curves, surface operations, and the regulatory environment.

  • How wells are drilled
  • Production & decline
  • Regulatory framework
02

Financial & Tax Topics

Working interests vs. royalty interests, net revenue interest, settlement statements, tax code reference points, intangible drilling costs, depletion allowances, at-risk limits, and 1031 exchanges.

  • Revenue distribution
  • Tax code topics
  • 1031 exchanges
03

Risk & Due Diligence

Geological, mechanical, price, and operator risk - plus how to read an AFE, evaluate an operator's track record, and identify red flags.

  • Evaluating operators
  • Reading an AFE
  • Red flags to watch for
04

Industry Glossary

Definitions of common oil and gas terms across drilling, production, legal and land, financial, and regulatory categories — organized for quick reference.

  • Drilling terminology
  • Financial terms
  • Legal & land concepts
05

Resources

Public reference links for regulatory records, tax topics, industry education, due diligence, and oil and gas operating context.

  • Regulatory records
  • Tax references
  • Industry sources

Why We Publish This

“We share this material so the people we work with understand the industry, the terminology, and the risks around oil and gas operations.”
Our Approach to Education

Have a question about a topic? Ask the operator directly

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