Pantheon Institutional Drilling Fund III

A direct participation energy strategy for accredited investors seeking cash flow, tax efficiency, and real asset ownership outside public markets.

Fund Snapshot

Minimum investment: $100,000

Investor eligibility: 506C Deal - Accredited investors only

Strategy: Direct participation — Permian Basin oil and gas drilling

Distributions: Quarterly (preferred return — see PPM for terms)

Full details: Offering documents in Data Room

Tax Benefits: Up to 90% first-year IDC deduction for General Partners

Investor Testimonials
What Our Investors Say
Returns · Tax Benefits · Passive Income
"I have more clarity, velocity, and a road map to help put me on an extraordinary trajectory for achieving my wealth goals through investing in opportunities that are providing passive income, tax benefits, and exceptional returns."
Craig Raubenheimer
Craig Raubenheimer
Pantheon Investor
Multiple Deals · Wealth Acceleration
"I truly learned how the rich invest and became excited about the possibilities of realizing my financial goals. After investing in several Pantheon opportunities, I continue to see my wealth accelerate at a significant pace with more predictability and less risk."
Doug Krueger
Doug Krueger
Pantheon Investor
ROI · Trusted Advisor
"In less than one year, Dave has given me advice and connections that have already made or saved me over $100,000. He has been generous, personable, and straightforward — I'm incredibly grateful to have him on my team of trusted advisors."
Nels Jensen
Nels Jensen
Pantheon Investor
Oil & Gas · Strategy
"I certainly relate to the guy in your mastermind who set up infinite banking and is deploying capital into oil and gas. I appreciate your leadership and wisdom — it's making a significant difference in my journey."
Travis Purvis
Travis Purvis
Pantheon Investor
Past Performance
Pantheon Drilling Fund I — Performance Snapshot
Since inception through Q1 2026  ·  $89.4M total investor capital  ·  Permian Basin  ·  Unaudited
32%
Cumulative Cash Distributions
76.8%
Cumulative Cash + Tax Benefits
29.4%
Annualized Return Last 12 Mo.
8.82%
Latest Quarterly Distribution Q1 2026
Fund Performance Metrics
Total Investor Capital$89.4M
Initial Distribution DateMarch 2025
Q1 2026 Quarterly Distribution8.82%
Average Quarterly Return (LTM)7.34%
Annualized Return (Last 12 Mo.)29.4%
Cumulative Cash Distributions32.0%
Cumulative Cash + Tax Benefits76.8%
Top Projects — Cash-on-Cash Return
Jumpstart / Boz · 20 mo
89%
UL Stonefly · 15 mo
60%
Airpark · 19 mo
47%
Mascot · 11 mo
42%
Hammerhead · 12 mo
28%

Past performance is not indicative of future results for IDF III. Data represents Pantheon Drilling Fund I through Q1 2026 and is unaudited. Cumulative Cash + Tax Benefits includes estimated tax benefit value which varies by investor. Investing in oil and gas involves significant risk including potential complete loss of investment.

Data Room

Resources and Documents for review are available below.

  • Strategy & Due Diligence
    •     Investor Presentation (Video)
    • Investor Deck (PDF)
    • Underwriting & Risk Controls Overview

  • Investor Resources
     • FAQ & Key Risks
    • Sponsor Overview
    • Access Investor Portal

  • Offering Documents
    •     Private Placement Memorandum (PPM)
    • Limited Partnership Agreement
    • Subscription Documents

  • Financials
     • Performance Summary
    • Capital Statements (Sample)
    • Audit (if applicable)

Webinar with Deal Sponsor

How It Works

From Capital Commitment to Quarterly Distributions

Direct participation in oil and gas means you own a working interest in the actual wells — not a stock, not an ETF, not a fund that owns a company that owns energy assets.

Your capital is deployed into a phased drilling program in the Permian Basin. As wells come online and produce, proceeds flow directly to investors as quarterly distributions for the life of the wells — typically 15+ years.

Investment at a Glance
1
You commit capital
Minimum $100,000 · GP, LP, or LLC units
2
Wells are drilled & completed
Permian Basin · USEDC operates
3
Production begins
Typically within 3–12 months of closure
4
You receive quarterly distributions
For the life of the wells · 15+ year horizon
Stage 1
Drilling
Ground is punctured. Well bore is drilled to depth. IDC deductions occur at this stage.
Stage 2
Completion
Well is hydraulically fractured. Pad is laid. Well is prepared to produce.
Stage 3
Construction
Production equipment installed — tanks, separators, pipelines, and surface facilities.
Stage 4
Flowback
Well opens. Early volatile production begins — typically the highest-output period.
Stage 5
Production & Distributions
Well normalizes. Quarterly distributions begin. Production continues for 15+ years.
Stages 1–4
Short timeline to production
First Distribution
3–12 months post-closure
Peak Cash Flow
Years 1–7 (front-loaded)
Well Lifespan
15+ years of production
Why This Deal
Deal Highlights
Tax Efficiency
Up to 90% First-Year Deduction
IDC deductions reduce adjusted gross income above the line — ideal for high W-2, bonuses, or business income in 2026.
Income
Quarterly Cash Distributions
Oil and gas production pays investors quarterly for the life of the wells — income independent of market performance.
Operator
45-Year Track Record
4,000+ wells across 13 states. $700M+ raised prior funds. $211M revenue · $128M EBITDA in 2024.
Location
Permian Basin Core Acreage
~40% of U.S. oil production. Core Delaware, Midland and Central Basin — strong economics, rising rig count.
Risk Management
40–50% Production Hedged
Price swaps and costless collars protect distributions. $117M sponsor co-investment aligns operator and investor interests.
Early Investor Advantage
Deadline: June 30, 2026
95/5 profit split + immediate interest accrual + flexibility to increase allocation. Last year's fund sold out.

Return Structure

Return Structure
Reduce Your 2026 Tax Burden While Building Long-Term Passive Income

This oil and gas investment is designed to reduce taxable income while building a steady stream of passive income from proven U.S. energy production in the Permian Basin.

Up to 90%
First-year IDC deduction against active income for General Partners
Quarterly
Cash distributions from oil and gas production throughout the life of the wells
Up to 90% first-year IDC deduction — an above-the-line deduction that directly reduces your adjusted gross income before anything else is calculated
Quarterly cash distributions from oil and gas production — income that doesn't depend on market performance
Preferred return — performance-based compensation structure (see PPM for full terms)
Additional tax-advantaged income through depletion allowances and depreciation benefits throughout the investment lifecycle
Ideal for: High-income investors with significant W-2, bonus, or active income in 2026 seeking a substantial first-year tax offset paired with long-term passive income from real asset production.
All projected returns and deductions take into account potential tax benefits. Consult your tax advisor for your specific situation.

Minimum Investment: $100,000

A Soft Commit allows us to reserve capacity while you review documents and complete portal steps. There is no obligation until subscription documents are executed.

Why Pantheon
We Are Selective By Design
Pantheon evaluates hundreds of opportunities per year. IDF III passed our full diligence process — here's what that means, and what you should ask us.
$2.8B+
Private assets evaluated & partnered
20+
Years in alternative investments
300+
Podcast episodes on wealth strategy
~1%
Of deals reviewed reach our network
Our Process

How We Evaluate Every Deal Before It Reaches You

1
Operator track record review
Historical performance, distribution history, and default record across prior programs.
2
Structure & terms analysis
Unit economics, profit splits, fee structures, and alignment of investor and operator interests.
3
Tax & legal review
IDC eligibility, depletion allowances, risk disclosures, and unit structure with our advisors.
4
Holistic Wealth framework fit
We only bring deals delivering real cash flow, equity upside, and meaningful tax efficiency.
Do Your Diligence

Questions Every Serious Investor Should Ask

What is USEDC's actual distribution history — paid, not projected?
How does the IDC deduction apply to my income — W-2, business, or passive?
What percentage of production is hedged and at what price floor?
What is the difference between GP and LP units — which is right for me?
What happens to my investment if oil prices drop significantly?
How liquid is this investment and what are my exit options?
What does Pantheon's own Drilling Fund I tell us about IDF III?
Have questions before you commit?
Book a 30-minute call with Mike — we'll walk through how IDF III fits your tax picture and answer every question on this list directly.
Book a Call with Mike
Ready to Move Forward
Your Next Steps
No obligation until you sign subscription documents. Reserve your allocation today while you complete your review.
1
Step One
Reserve Your Allocation
Submit a soft commitment to hold your spot for 20 days while you review. No obligation until subscription documents are signed.

Spots are limited — last year's fund sold out.
Soft Commit Now
2
Step Two
Complete Your Documents
Log into the Investor Portal to review the PPM and sign subscription documents via DocuSign.

Our team is available to walk you through every step.
Access Investor Portal
3
Step Three
Fund & Receive Distributions
Fund via secure wire instructions once documents are complete. Track your investment and distributions in your investor dashboard.
Go to Dashboard
Questions before you commit? Book a 30-minute call with Mike — no obligation.
Soft Commit — Reserve My Allocation Book a Call with Mike

Copyrights 2026 | Pantheon Investments™ | Terms & Conditions

Disclaimer: All offers and sales of any securities will be made only to Accredited Investors, which for natural persons, are investors who meet certain minimum annual income or net worth thresholds or hold certain SEC approved certifications. Any securities that are offered, are offered in reliance on certain exemptions from the registration requirements of the Securities Act of 1933 (primarily Rule 506C of Regulation D and/or Section 4(a)(2) of the Act) and are not required to comply with specific disclosure requirements that apply to registrations under the Act. The SEC has not passed upon the merits of, or given its approval to any securities offered by Pantheon Investments, the terms of the offering, or the accuracy of completeness of any offering materials. Any securities that are offered by Pantheon Investments are subject to legal restrictions on transfer and resale and investors should not assume they will be able to resell any securities offered by Pantheon Investments. Investing in securities involves risk, and investors should be able to bear the loss of their investment. Any securities offered by Pantheon Investments are not subject to the protections of the Investment Company Act. Any performance data shared by Pantheon Investments represents past performance and past performance does not guarantee future results. Neither Pantheon Investments nor any of its funds are required by law to follow any standard methodology when calculating and representing performance data and the performance of any such funds may not be directly comparable to the performance of other private or registered funds. Pantheon Investments cannot and does not provide tax advice. Please consult with a qualified tax advisor for your specific tax needs.