Preston Bass

Hey there—I'm Preston Bass, and my mission is straightforward: I help accredited investors understand the powerful tax benefits and economic opportunities that come with direct participation in oil and gas wells. I'm the host of the ONG Report (Oil & Natural Gas Report), an educational video series where I break down complex tax code provisions, drilling structures, and investment mechanics into plain English. Whether we're talking about intangible drilling costs under IRC Section 263(c), the active vs. passive treatment of working interests under Section 469(c)(3), or how depletion works under Section 613A, my goal is to make these concepts accessible. I'm part of Bass Energy Exploration (BassEXP), a family-owned oil and gas operating company with deep roots in Oklahoma and Texas...