Marc Lichtenfeld’s Oxford Club promotion, sold through The Oxford Income Letter as “The Ultimate Passive Income Play,” is also branded “The #1 Oil and Gas Royalty.” We trace the clues and test the income math.
One promotion, several names — all of them point to the same pitch, and the same stock.
Marc Lichtenfeld of The Oxford Club is selling a promotion headlined “The Ultimate Passive Income Play” through The Oxford Income Letter. The package is also billed as “The #1 Oil and Gas Royalty.”
The pitch promises a royalty tied to huge Permian Basin acreage, a price below $25, monthly income and an almost 10% annual yield. It presents the idea as Marc’s top oil-and-gas pick for 2026.
The likely headline stock is identified below: Permian Basin Royalty Trust, ticker PBT. Our confidence is 88 out of 100. The clues fit unusually well, even though several of the promotion’s figures do not survive a trip to the filings.
The useful fingerprints are specific: an oil-and-gas royalty connected to the Permian Basin, more than 380,000 acres, monthly distributions, a trust structure and an alleged way to own the royalty without buying a conventional stock. The pitch also claims two million oil-rich acres across Texas, Oklahoma and Louisiana, plus 276 consecutive royalty checks.
The same idea has been dressed up under several names: “Marc’s #1 oil and gas play for 2026,” “The #1 Oil and Gas Play,” “Marc's #1 Oil and Gas Play for 2026,” “#1 Oil and Gas Royalty for Huge Monthly Income,” “The #1 Oil and Gas Opportunity,” “Marc’s #1 Oil and Gas Opportunity,” “My #1 Oil and Gas Royalty for 2026,” “My #1 Oil and Gas Opportunity,” “my #1 royalty stake,” “favorite royalty investment,” “The Ultimate Passive Income Play,” “My #1 Oil and Gas Royalty play,” and “The #1 Oil and Gas Royalty for Huge Monthly Income.” They refer to the same pitch, not a parade of separate discoveries.
The likely headline answer is Permian Basin Royalty Trust, traded on the New York Stock Exchange under PBT. Its 2023 Annual Report describes the Waddell Ranch and Texas Royalty interests as oil-and-gas royalty interests, with the Texas properties spread across the Permian Basin and other parts of Texas.
The acreage clue is the strongest giveaway. PBT’s filing supports 381,715 gross acres when 78,715 gross Waddell Ranch acres are combined with approximately 303,000 gross Texas Royalty acres. That gets the promotion near its 380,000-acre line, though the number is gross acreage across two property groups, not a clean block of net acreage. The trust’s official distribution page also confirms monthly payments, including all twelve months of 2023.
The promotion includes two bonus reports, but the evidence is thinner. “The World’s Leading Oil and Gas Partnership” most plausibly points to Energy Transfer LP, ticker ET, with 76 out of 100 confidence. “The Ultimate Gold Royalty Stream” may point to Wheaton Precious Metals, ticker WPM, with 55 out of 100 confidence. Those are guesses rather than established identifications: ET fits the partnership and pipeline clues, while WPM connects to the old Silver Wheaton name but is primarily a precious-metals streaming company, not a pure gold royalty company.
The offer bundles 2 bonus reports that tease their own stocks. These get a sentence or two of copy each, so the evidence is much thinner than for the main pick and what follows is our best reading rather than a confident answer.
| Bonus report | Our best guess | Confidence |
|---|---|---|
| The World’s Leading Oil and Gas Partnership | ET — Energy Transfer LP | 76/100 — solid |
| The Ultimate Gold Royalty Stream: Earn Huge Income From the New Gold Bull Market | WPM — Wheaton Precious Metals Corp. | 55/100 — probable |
The 22 claim-by-claim checks below separate filing-supported facts from promotional overstatements and claims that cannot be reconstructed from the available records. That distinction matters here: the underlying royalty trust is real, but the sales copy keeps stretching the tape.
The key sources are PBT’s 2023 Annual Report and official distribution history, New York Stock Exchange market data, Energy Transfer’s Form 10-K and investor materials, and Wheaton Precious Metals’ 2025 Annual Information Form.
| The promotion claims | Verdict | What we found |
|---|---|---|
| The opportunity is an oil-and-gas royalty investment tied to the Permian Basin | Checks out | Permian Basin Royalty Trust's 2023 Annual Report describes its Waddell Ranch and Texas Royalty interests as oil-and-gas royalty interests, with the Texas properties located across the Permian Basin and other Texas regions. |
| The royalty covers more than 380,000 acres in prime oil and gas fields | Overstated | PBT's 2023 Annual Report supports 381,715 gross acres by combining 78,715 gross Waddell Ranch acres with approximately 303,000 gross Texas Royalty acres, but those are two property groups and the figure is gross rather than net acreage. |
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This adds another Marc Lichtenfeld promotion to the four we have already identified. “Uranium Profit Package” and “Trump Nuclear Mega-BOOM” both led to enCore Energy, up 13.91% since we revealed them. “Ultimate Dividend Package” led to AbbVie, unchanged since then, while “29% Account” led to Texas Pacific Land Corporation, down 8.23% since we revealed it.
That is a small ledger, not a verdict on the analyst. But it is useful context when the same income-investing brand rolls out another supposedly singular opportunity.
The pitch’s central claim is simple: Permian oil and gas production creates a royalty stream, the trust passes most of that income to investors, and buyers can collect a large monthly yield at a bargain price.
The first link holds. PBT really does own oil-and-gas royalty interests tied to the Permian Basin, and it really does make monthly distributions. The chain breaks at the sales math. The filing’s 381,715 acres are gross acreage in two property groups, not two million acres across three states. The 95% figure describes the net overriding royalty interest on the Texas Royalty properties, not a promise to distribute 95% of all trust income. And the official 2023 distributions totaled $0.600277 per unit, which works out to about 2.4% at the promotion’s $25 price, not nearly 10%. That is not a rounding error.
Is PBT worth owning on its merits? It may suit an investor seeking a listed royalty trust and willing to accept commodity-linked distributions. But market data puts the units at $33.01 now, so the under-$25 hook is stale in the figures checked here, and the exact 149% 2022 return and $48,000 reinvestment story remain unverified. PBT survives as an investment to evaluate. The jackpot framing does not.
The bonus names don’t form one tidy income machine. ET is a large pipeline partnership with approximately 140,000 miles of pipeline and associated infrastructure, but its revenue and yield claims are muddled. WPM offers diversified exposure to gold, silver and other metals through 42 long-term agreements, yet only five are royalty agreements. PBT carries the oil-and-gas royalty thesis; ET and WPM are materially different businesses. The common thread is income branding, not a single economic model.
How confident are we? 88 out of 100. We identified Permian Basin Royalty Trust (PBT) from the promotion's own clues and checked 22 of its claims against filings, earnings calls, ownership records, market data and public reporting. This is our analysis, not the publisher's disclosure — we have no relationship with them.
Knowing which stock it is only gets you halfway. We score PBT on valuation, profitability, growth, financial health and momentum — and reach our own conclusion, independent of how it was sold to you.
See the PBT data →Independent of the promotion — our own numbers, score and analysis.
Everything we track on PBT in one place — the TickerSpark Score, price charts, key financials, and our latest coverage.
| The royalty covers more than 2 million oil-rich acres in Texas, Oklahoma and Louisiana | Contradicted | PBT's 2023 Annual Report describes royalty properties in Texas and reports about 381,715 combined gross acres; it does not show PBT owning two million acres or royalty properties in Oklahoma and Louisiana. |
| The investment returned 149% during 2022 while the S&P 500 lost 19% | Can't verify | PBT's available closing-price history covers August 2021 through August 2026 and reports a 515.1% gain over that full window, but it does not isolate calendar-year 2022 total return or establish the promoted 149% figure. |
| Investors could buy a piece of the royalty stream for less than $25 | Can't verify | PBT is trading at $33.01 now, above the promoted ceiling, while the available market-history summary does not isolate the unit price on the April 2024 presentation date. |
| The trust has issued 276 royalty checks in a row since 2000 | Can't verify | PBT's official distribution page confirms monthly distributions, including all twelve months of 2023, but PBT's filings do not establish the exact count of 276 consecutive payments; Green Bull Research repeats the teaser wording without independently proving the count. |
| The royalty pays almost a 10% annual yield and distributes it monthly | Overstated | PBT's official distribution history shows total 2023 distributions of $0.600277 per unit; at the promoted $25 price that equates to about 2.4%, although the monthly-payment portion is genuine. |
| The investment has $11 million in cash | Contradicted | Permian Basin Royalty Trust's 2023 Annual Report reports cash and short-term investments of $6.051 million at year-end, not $11 million. |
| The royalty stream pays 95% of all its income to investors | Contradicted | PBT's 2023 Annual Report says 95% is the net overriding royalty interest applied to the Texas Royalty properties; it does not say that 95% of all trust income is paid to unitholders. |
| A $1,000 investment in 2000 became worth more than $48,000 by 2023 with dividends reinvested | Can't verify | PBT's available market history begins in August 2021 and therefore cannot test a 2000–2023 reinvested-distribution calculation; Green Bull Research repeats the $48,000 and 4,765% figures but does not provide an independently reconstructable price-and-distribution series. |
| The royalty investment is 100% outside the stock market and is not a stock or ETF | Contradicted | Permian Basin Royalty Trust units are listed and traded on the New York Stock Exchange under PBT, so the investment is not literally outside the stock market even though the trust is not a conventional operating corporation. |
| Marc Lichtenfeld is Oxford Club's Chief Income Strategist and author of Get Rich with Dividends | Checks out | The Oxford Club identifies Marc Lichtenfeld as Chief Income Strategist, and Wiley's author page identifies him as the author of Get Rich with Dividends. |
| The presentation was dated April 2024 and promoted Marc's number-one oil-and-gas pick for 2026 | Can't verify | The Oxford Club publicly identifies Lichtenfeld and his income role, but its public pages located here do not independently verify the April 2024 date or name PBT as his number-one 2026 oil-and-gas pick. |
| The bonus is a publicly traded oil-and-gas partnership | Checks out | Energy Transfer LP's 2025 Form 10-K describes the company as a Delaware limited partnership, and its units trade on the New York Stock Exchange under ET. |
| The partnership owns more than 50,000 miles of pipelines | Checks out | Energy Transfer's corporate materials describe approximately 140,000 miles of pipeline and associated energy infrastructure, comfortably exceeding the promoted 50,000-mile figure. |
| The partnership distributes 100% of all available cash to partners | Can't verify | Energy Transfer's 2024 investor materials report distributable cash flow and cash distributions, but the company's 2025 Form 10-K does not establish that 100% of available cash is distributed to partners. |
| The partnership generated $83 billion in revenue over two years | Contradicted | Energy Transfer's 2024 Form 10-K reports approximately $82.674 billion of revenue for 2024 alone, while 2023 revenue was about $78.6 billion, making the two-year total roughly $161 billion rather than $83 billion. |
| The partnership pays a 7.45% yield | Overstated | Energy Transfer announced a $1.35 annualized distribution, which implies a yield of about 6.5% at the current ET unit price of $20.71; 7.45% would require a materially lower unit price. |
| The partnership trades for less than $30 per unit | Checks out | ET is trading at $20.71, well below the promoted $30 ceiling. |
| The asset is a gold royalty company or gold royalty stream | Overstated | Wheaton Precious Metals' 2025 Annual Information Form says it is primarily a precious-metals streaming company with 42 long-term agreements, including only five royalty agreements; gold is part of the portfolio but the business is not a pure gold royalty company. |
| The asset is diversified across multiple mining interests | Checks out | Wheaton's portfolio materials describe a diverse mix of gold, silver, palladium, platinum and cobalt streams across numerous operating mines and development projects. |
| The royalty company rose 1,108% from 2005 to 2010 while gold gained 211% | Can't verify | The SEC record confirms that Silver Wheaton traded under SLW and later changed its name to Wheaton Precious Metals, but no authoritative source here establishes the exact 1,108% versus 211% comparison; WPM's available price history begins only in 2021. |
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