Tait Duryea and the Turbine Capital team break down key investor updates, starting with the fast-approaching August 15th subscription deadline for the Houston storage deal. Hear about Azara Tempe, a 56-unit multifamily near ASU with strong occupancy, solid returns, and significant depreciation benefits. Then meet Mark Fleming, Turbine Capital’s new oil and gas advisor, as he outlines the reduced risk, upfront cash flow, and 80–85% W-2 tax benefits of the upcoming 2025 Oil & Gas Fund.

Mark Fleming is a petroleum engineer with over 20 years of experience at Chevron, Hess, and in the financial sector evaluating oil and gas portfolios. Specializing in unconventional assets, Mark has advised on drilling programs across major U.S. basins. Now serving on Turbine Capital’s advisory board, he ensures the firm’s oil and gas acquisitions meet rigorous technical and economic standards.

Show notes:
(0:00) Intro
(1:33) Annual shareholder event details
(4:41) Oil & gas deal timeline and intro to Mark Fleving
(10:57) Expected cash flow ramp and well decline curves
(13:25) How diversification across wells reduces risk
(16:23) Why oil & gas offers rare W-2 tax offsets
(19:12) How modern drilling tech lowers risk
(21:27) Tax benefit ranges and conservatism
(25:57) Well life expectancy and hold strategy

Helpful Links:

Annual Shareholder Event Registration Link: https://us02web.zoom.us/webinar/register/WN_UARDy1xgQI6m8irPBIBNKg#/registration

Turbine Capital Private Podcast:

• Spotify: https://open.spotify.com/show/0IWgXJwFJY1Xiw13SfuCnZ?si=87be61dfe5fb415d
• Apple: https://podcasts.apple.com/us/podcast/turbine-capital-private-podcast/id1831346026

Mark Fleming: https://www.linkedin.com/in/mark-e-fleming/

Mark Fleming Oil and Gas Recommended Reading:

• Fossil Future – A.Epstein
• The Prize – Daniel Yergin
• Liberty Energy Website – Bettering Human Lives (by Chris Wright, Secretary of Energy)

Tax Benefits of Oil & Gas eBook:
https://www.turbinecap.com/oil-and-gas-ebook

New upcoming deal Turbine Capital is about to launch - Azara: https://turbinecap.investnext.com/portal/offerings/8718/azara-tempe/

Houston Storage:
https://turbinecap.investnext.com/portal/offerings/8449/houston-storage/

Passive Income Pilots Episode 119 - Asset protection through LLC or Trusts

• https://open.spotify.com/episode/3Ykx90A3PuDuUPAypw2LxG?si=c4328bcc484b4423
• https://podcasts.apple.com/us/podcast/passive-income-pilots/id1675913577?i=1000717765661

Book a call Adam Knightly - https://nchinc.com/about-us/our-experts/adam-kintigh

If you have any questions, please feel free to email investors@turbinecap.com.

Learn more about Turbine Capital:
Website: https://www.turbinecap.com
Facebook: https://www.facebook.com/turbinecap
Instagram: https://instagram.com/turbinecapital