Drill Smarter. Earn Faster. Keep More.

Get 100% Tax Deduction Year One

Preferred equity-style oil and gas investments targeting 20–25% net IRR with potential 97%+ tax deductions.

GrayStreet Drilling Fund III provides accredited investors with last-in, first-out capital exposure to high-probability wells in proven U.S. formations. We don't take on land or seismic risk. We fund the drill. Our team has invested personally in oil and gas since 2013, backed by principals with a track record stretching to 1968. Every well is vetted by geologists, reservoir engineers, and legal specialists before a dollar is committed.

Target Returns

Target net IRR of 20–25% to investors

Equity Structure

Preferred equity structure with 15% coupon and 10% reversionary interest

Tax Advantages

Potential 97%+ deduction on federal, state, and local income taxes via intangible drilling costs

Field Locations

Investments in established fields across the Permian Basin, Gulf Coast, and Haynesville

Dollar Repayment

Operators repay in dollars, not barrels, reducing commodity price exposure

Management Fee

0.50% management fee

Proven Results

In a recent case study, a $2.2M drilling investment in over just five months delivered.

70.3%

IRR

1.26x

MOIC

$787K

in combined federal and state taxes deferred.

1031 Exchange Calculator

The proceeds from the sale of an investment property are subject to a combination of state and federal capital gains taxes, Medicare tax, as well as the tax on the recapture of depreciation and other fees. This calculator is a guide to estimate your potential capital gains tax obligations and weigh your options for reinvestment. Please consult with your tax and legal advisors prior to entering into an exchange.

Calculate Capital Gain

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Calculate Net Adjusted Basis

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Calculate Net Adjusted Basis

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Total Estimated Gain Tax Due = $0

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Exchange or Pay Your Taxes?

Calculate Net Adjusted Basis
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Sell and Execute a 1031 into Oil and Gas
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Sell and Pay Your Taxes
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Learn How Drilling Investments Can Work For Your Portfolio

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