Sponsored: Beyond the Tax Benefits – Purified Resource Partners’ Approach to Oil and Gas Alts

Purified Resource Partners LLC entered the private wealth channels in late 2025 following the success of its inaugural fund, PRP Bakken I LP (PRPBI). Its current offering, PRP Bakken II LP (PRPBII), is targeting a $25 million capital raise to invest in wells operated by leading oil and gas companies in the Bakken Shale of Montana and North Dakota.

As financial advisers look beyond traditional stocks and bonds for differentiated sources of return, direct oil and gas investments can offer a compelling combination of cash flow potential, portfolio diversification and tax efficiency. Yet not all energy investments are created equal. Asset quality, entry price, development timing, operating partners and fee structure can have a significant impact on investor outcomes. The principals at Purified have drawn upon their decades of experience to design a structure that efficiently converts high-quality underlying assets into attractive risk-adjusted returns for investors.

Purified’s strategy as a non-operated working interest owner is to acquire wellbore interests in new wells where the commencement of drilling operations is imminent. This timing is generally signaled by the receipt of an authorization for expenditure, or AFE, from the operator of the drilling unit, outlining the development plan and estimated costs associated with a proposed well. By focusing on near-term development opportunities, Purified’s funds seek to shorten investment cycle times and accelerate cash distributions to investors.

The results to date from PRPBI and PRPBII illustrate the strategy in practice. PRPBI, which held its initial closing in June 2024, had returned cash distributions equal to 65.5% of investors’ called capital as of June 2026.* PRPBII, which held the initial closing of its 2025 share class in December 2025, had returned cash distributions equal to 32.5% of invested capital as of August 2026.

Co-founder James Lee, CFA, has more than 25 years of experience in the oil and gas industry and has evaluated a wide range of investment opportunities throughout his career. “We believe the return of capital through cash distributions is one of the most objective measures of the performance of our funds,” Lee said. “Purified’s ability to generate distributable cash flow reflects both the quality of the underlying assets and an efficient fee structure designed to direct more investor capital into the assets themselves.”

Purified is headquartered in Sidney, Mont., where co-founder Kaleb Dasinger was born and raised. Sidney is the county seat of Richland County, home to the Elm Coulee field, where development helped establish the commercial potential of the Bakken in the early 2000s. As a second-generation landman, Dasinger has developed an extensive network of relationships with local landowners and operators. Those relationships support Purified’s organic leasing capabilities and its efforts to build an inventory of drilling opportunities for PRPBII and future funds.

“My father and I have built our reputations as trusted partners to local landowners over decades,” Dasinger said. “Taking care of our community builds a level of trust that provides us with access to proprietary deal flow.” This locally sourced asset base provides Purified with a unique avenue for originating opportunities outside the highly competitive secondary market for non-operated working interests and helps manage acquisition costs.

The Bakken is one of the earliest large-scale shale plays developed in the United States. Its long production history provides a substantial body of geological, completion and production data that can be incorporated into the underwriting of new wells. Joel Brown, Purified’s Vice President of Engineering, draws on his extensive technical evaluation of the basin to perform detailed underwriting of each well in which Purified considers investing.

“The state-line area where we focus has experienced a resurgence in activity as operators have continued to improve development and unlock the potential of this part of the basin,” Mr. Brown said. “The 18-month production tax holiday available for qualifying wells on the Montana side of the play further enhances well-level economics.”

Craig von Peters, managing director of business development, is a 30-year veteran of the alternative investment industry. His experience helped shape the structure of PRPBII, with an emphasis on aligning the interests of the sponsor and its investors.

“We saw a void in the marketplace and wanted to serve advisers by creating a product that did not require investors to choose between investment fundamentals and potential tax benefits,” said Von Peters. “I have seen the impact of fee drag in alternative investments, and we designed this program to minimize those effects.”

PRPBII’s 2026 share class is already deploying capital. The fund has acquired interests in six wells and has identified its next 10 potential wells. To date, all these wells are operated by Kraken Resources, one of Purified’s preferred operators. Purified expects to receive additional AFEs throughout 2026 as it works toward its target portfolio of interests in 20 to 40 wellbores.

2026 has been a dynamic year in the energy markets and that continues to drive increasing interest in oil and gas alternative investments. “We appreciate the early supporters of Purified as we continue to demonstrate a track record of success,” said Lee. “We invite new relationships to get to know our story and how we can help you serve your clients as we look to a strong finish to 2026.”

Eligible investors may also qualify for a 5% early-investor incentive through Sept. 30, subject to the terms and conditions described in the offering documents.

For additional information about PRP Bakken II LP, please contact invest@prpholdings.com.

*PRPBI utilized capital calls and has made quarterly distributions. PRPBII does not utilize capital calls and is structured to make monthly distributions, subject to the availability of distributable cash. The distribution figures presented above reflect cumulative cash distributions as a percentage of capital called or invested, as applicable, and are not measures of total return, yield, or profitability. Distributions may include a return of capital and are not guaranteed. Past performance is not indicative of future results. Oil and gas investments involve substantial risks, including commodity-price volatility, drilling and operational risks, and the potential loss of invested capital. Investors should review the applicable offering documents before investing.

Purified Resource Partners is a trusted partner in the Bakken Shale of the Williston Basin. Headquartered in the Bakken, its principals bring over 40 years of experience building local relationships and developing a deep understanding of basin dynamics. Purified Resource Partners serves the interests of landowners, operators, and investors by combining its expertise and network of industry relationships.

Purified Resource Partners is a sponsor of AltsWire, and the article was published as part of their standard directory sponsorship package.

For more Purified Resource news, visit its directory page.