📚 Unlock the secrets to building wealth! My book and 12-module Masterclass cover everything I’ve learned about passive investing and creating financial freedom. Watch it on-demand for FREE: http://thewealthelevator.com/master

🤝 Join the Hui Deal Pipeline Club and get a one-on-one call with me to discuss your investment goals: https://thewealthelevator.com/club

The host interviews Chris Kleiman, Senior Vice President at Gulf Coast Western, to walk through the oil and gas lifecycle from leasing mineral rights to plugging and remediation. Kleiman explains how companies lease (not buy) minerals, negotiate royalties (often 18–25%), secure surface access and damages clauses, and rely on seismic, existing field data, and permitting to plan drilling. The discussion focuses on the shift from higher-risk vertical wells to capital-intensive horizontal drilling and multi-well pads, fracking stages, flowback, water recycling, production profiles (ramp, plateau, decline), and terms like IP and BOE. They cover ongoing operations (pumpers, monitoring, artificial lift over time), midstream purchase contracts at the meter, the importance of infrastructure, pricing dynamics, continuous drilling clauses, and why Kleiman prefers well-funded operators and proven fields for investors seeking IDC tax benefits and long-term monthly distributions.

00:00 Oil Gas Lifecycle Intro

00:47 Leasing Mineral Rights

02:43 Royalties Easements Paydays

04:00 Geology Seismic Planning

04:54 Horizontal vs Vertical Drilling

07:43 Pad Construction Costs

10:34 Spud Drilling Frack Flowback

11:57 Depths Water Table Basics

13:18 Production Scale Flush Curve

16:28 Investor Metrics IP BOE Logs

18:46 Oil vs Gas Mix Sales

19:54 AI Drives Gas Demand

20:33 Infrastructure And Market Access

21:27 Artificial Lift Basics

22:34 Rig Crews And Field Life

23:51 Monitoring Wells Daily

25:20 Water Recycling And Pressure Decline

26:09 Investor Reports And Payout Lag

28:42 Selling Oil Midstream

30:31 Plugging And Site Remediation

31:03 Fracking Terms And Myths

33:10 Oil Price Reality Check

34:29 Continuous Drilling Leases

35:33 Picking Safer Deals

37:07 Why Oil Investing Works

38:24 Final Wrap And Thanks

Connect with me:

LinkedIn: https://www.linkedin.com/in/lanekawaoka/

Facebook: https://www.facebook.com/TheWealthElevator

Instagram: https://www.instagram.com/TheWealthElevator

Lane Kawaoka is a developer and multi-family syndicator who owns 10,000+ rental units and is the leader of “Hui Deal Pipeline Club” which has acquired over $2.1 Billion AUM of real estate by syndicating over $200 Million Dollars of private equity and most importantly distributed more than $45M back to our investors since 2016.

Check out our Top-50 Investing Podcast, The Wealth Elevator.

Hosted on Acast. See acast.com/privacy for more information.

📚 Unlock the secrets to building wealth! My book and 12-module Masterclass cover everything I’ve learned about passive investing and creating financial freedom. Watch it on-demand for FREE: http://thewealthelevator.com/master

🤝 Join the Hui Deal Pipeline Club and get a one-on-one call with me to discuss your investment goals: https://thewealthelevator.com/club

A host interviews Gabe Hogan, a tax attorney and former IRS revenue agent, about how IRS audits work, why high-profile taxpayers are treated as examples to drive compliance, and why taxpayers—not preparers—are usually on the hook for penalties and interest. Hogan describes IRS bureaucracy, outdated systems, staffing declines, and increased hiring of non-tax personnel, plus the growing use of AI models that flag more returns amid a shrinking workforce. He explains how returns are graded with DIF scores, how agents and managers triage audit “stacks,” and why clear categorization and attaching substantiation (e.g., cost segregation reports) can reduce audit risk. They discuss common self-prep and CPA errors (TurboTax, misclassification, NIIT on business exits), documentation needs, audit escalation paths (agent, manager, Appeals, tax court), and strategies like the Augusta Rule when properly documented.

00:00 Celebrity Audit Fear

00:50 Wild Deduction Stories

02:10 Meet Former IRS Insider

03:36 From Bulls to Tax Law

06:14 Credentials Alphabet Soup

13:09 Taxpayer Liability Reality

14:58 Why Not TurboTax

18:24 Augusta Rule Done Right

22:53 Breaking Up With Your CPA

25:20 How Audits Get Picked

27:13 DIF Scores Explained

29:42 Stacks Managers and Backlogs

33:59 Statutes and Audit Chess

35:28 Audit Negotiation Tactics

37:12 Audit Types And Escalation

40:19 IRS Fear And Compliance

42:14 Gray Area Tax Strategy

44:45 Substantiation And Materiality

51:23 Regional IRS Culture

54:25 Politics And IRS Slowdown

56:29 Guest Wrap And Contact

57:14 Deal Desk Pitch

01:00:11 Due Diligence Framework

01:02:46 Final Call To Action

Connect with me:

LinkedIn: https://www.linkedin.com/in/lanekawaoka/

Facebook: https://www.facebook.com/TheWealthElevator

Instagram: https://www.instagram.com/TheWealthElevator

Lane Kawaoka is a developer and multi-family syndicator who owns 10,000+ rental units and is the leader of “Hui Deal Pipeline Club” which has acquired over $2.1 Billion AUM of real estate by syndicating over $200 Million Dollars of private equity and most importantly distributed more than $45M back to our investors since 2016.

Check out our Top-50 Investing Podcast, The Wealth Elevator.

Hosted on Acast. See acast.com/privacy for more information.

📚 Unlock the secrets to building wealth! My book and 12-module Masterclass cover everything I’ve learned about passive investing and creating financial freedom. Watch it on-demand for FREE: http://thewealthelevator.com/master

🤝 Join the Hui Deal Pipeline Club and get a one-on-one call with me to discuss your investment goals: https://thewealthelevator.com/club

The host interviews Robin Mills, founder/CEO of Qamar Energy and author of The Myth of the Oil Crisis, about oil and gas investing amid the Iran conflict and disruptions in the Strait of Hormuz. Mills argues the world has ample oil resources and explains how the US shale boom (enabled by horizontal drilling, fracking, and crude-by-rail) reversed decades of US production decline, while early environmental backlash was often exaggerated despite real methane and leakage issues. He outlines Venezuela’s collapse under Chávez/Maduro, subsequent US actions and sanctions changes, and how the Iran war has sharply reduced Hormuz flows from about 20 million bpd to far lower levels, partly offset by pipelines and China’s large strategic stockpiles. The discussion clarifies how OPEC/OPEC+ influences prices via production and spare capacity, why that leverage is constrained during the blockade, and reviews long-term demand threats from renewables and EVs, offset by petrochemicals and aviation, plus rising electricity needs for AI and renewed nuclear interest.

00:00 Oil Investing and Iran

01:03 Myth of Oil Scarcity

02:44 Shale Boom Origins

04:31 Fracking Breakthrough Timeline

06:26 Majors vs Independents

08:14 Fracking Environmental Backlash

09:32 Venezuela Collapse and Comeback

13:06 US Oil Policy Tightrope

15:09 Iran War and Hormuz Blockade

18:57 Global Price Shock and Winners

20:12 Pipelines and What Comes Next

22:07 Why Prices Stayed Contained

23:27 Stalemate and Future Scenarios

23:47 OPEC Price Myth

24:16 OPEC Plus Explained

26:43 Spare Capacity Basics

28:25 US vs Saudi Flexibility

30:37 China Oil Wildcard

32:51 Investor Risks Volatility

34:15 Renewables And EV Shift

37:16 Future Oil Demand Drivers

39:09 Nuclear Comeback SMRs

43:00 Oil Outlook And Wrap

Connect with me:

LinkedIn: https://www.linkedin.com/in/lanekawaoka/

Facebook: https://www.facebook.com/TheWealthElevator

Instagram: https://www.instagram.com/TheWealthElevator

Lane Kawaoka is a developer and multi-family syndicator who owns 10,000+ rental units and is the leader of “Hui Deal Pipeline Club” which has acquired over $2.1 Billion AUM of real estate by syndicating over $200 Million Dollars of private equity and most importantly distributed more than $45M back to our investors since 2016.

Check out our Top-50 Investing Podcast, The Wealth Elevator.

Hosted on Acast. See acast.com/privacy for more information.