For financial professionals only. This website is intended for Registered Investment Advisors, Investment Adviser Representatives, registered representatives and other licensed financial professionals, for educational and informational purposes only. It is not intended for retail investors and is not tax, legal or investment advice. The Bison funds are sponsored by Bison Natural Resources, LLC. Kuhn Capital Partners, LLC (“KCP”), an SEC-registered investment adviser, is affiliated with the sponsor; registration with the SEC does not imply a certain level of skill or training.
Not an offer. Nothing herein is an offer to sell or a solicitation of an offer to buy any security. Any offer will be made only through the applicable confidential private placement memorandum, subscription agreement, limited partnership agreement and other governing documents, to accredited or otherwise eligible investors in jurisdictions where lawful. Terms, fees, expenses, conflicts, providers and holdings vary by fund and may change; review the offering documents in full.
Risk. Private oil and gas investments are speculative, illiquid and not suitable for all investors; investors may lose some or all of their capital. Key risks include commodity prices, reliance on third-party operators, cost overruns, geologic and production decline, environmental and regulatory risk, concentration, valuation and exit risk, and sponsor conflicts of interest. Diversification does not assure a profit or prevent loss. Distributions, tax benefits, future funds and exits are not guaranteed. Past performance is not indicative of future results.
Tax. References to potential tax benefits, including intangible drilling costs (IDCs) under IRC §263(c), depreciation of tangible drilling costs under IRC §168 and the depletion allowance under IRC §§611–613, are general summaries. Benefits depend on individual circumstances and may be reduced, eliminated or recaptured. Investors should not invest solely for tax purposes. General Partner unit owners may have unlimited liability during the drilling phase; IDC deductions attributable to Limited Partner units may only be applied against passive income.
Third parties & technology. Operators, custodians, administrators and other providers are named for identification only, current as of October 2026, and do not imply sponsorship, endorsement or a guarantee. Proprietary technology is a decision-support tool only and does not guarantee performance.
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