FOR IMMEDIATE RELEASE
Bedrock Group Receives USCIS Form I-956F Approval for Austin Chalk Oil & Gas EB-5 Investment in Rural Texas
Rural TEA-designated project in Lavaca County offers fully capitalized, senior-secured EB-5 loan structure aligned with U.S. energy policy
San Antonio, Texas – May 4, 2026 – Bedrock Group, a leading sponsor of private credit–backed EB-5 offerings, announced today that the U.S. Citizenship and Immigration Services (USCIS) has approved the Form I‑956F for its latest EB-5 investment opportunity: the Austin Chalk Oil & Gas Project in Lavaca County, Texas.
The project is sponsored and operated by Graystreet Partners, a San Antonio–based firm with significant experience in both oil and gas exploration and institutional real estate investment. USCIS has also confirmed the project’s designation as a Rural Targeted Employment Area (Rural TEA) under the EB‑5 Reform and Integrity Act, making it eligible for priority processing and visa set-asides for qualifying EB‑5 investors.
Under the approved structure, up to 62 EB‑5 investors are expected to provide a total of $49.6 million in EB‑5 capital through a senior secured loan to a single purpose borrower of Graystreet Partners, the project’s job-creating entity. The capital will be used for the development of 13 horizontal wells targeting the Austin Chalk formation in Lavaca County.
“USCIS approval of our Form I‑956F is a critical milestone that allows us to formally introduce this offering to qualified EB‑5 investors around the world,” said Michael Broadbent, President of Bedrock Group. “This project is fully funded and capitalized, and the EB‑5 component is structured as a senior secured loan designed to help safeguard investor capital while supporting a core national priority: responsibly expanding domestic energy production. In line with the current presidential administration’s policies toward balanced oil and gas exploration, we see the Austin Chalk development as an important contribution to U.S. energy independence, rural job creation, and long-term economic resilience.”
Drilling on the first wells is scheduled to begin within the next 30 days, with all 13 wells anticipated to be drilled, completed, and producing within 24 months of the first spud. The development area is surrounded by established operators, whose nearby offset wells averaged approximately 1,300 to 2,000+ barrels of oil equivalent per day (Boe/d) during their initial production (IP30), underscoring the reservoir quality and production potential of the acreage.
“Our team has spent years building a data-driven thesis in the Austin Chalk, and this project reflects that discipline,” said Laura Pommer, Managing Director of Energy for Graystreet Partners. “We are developing a proven rock interval in a well-established hydrocarbon trend, adjacent to some of the most respected operators in the basin. With drilling commencing in the coming weeks and a clear plan to bring all 13 wells online within two years, we believe this is a compelling opportunity to pair long-lived production with meaningful job creation in rural Texas for the benefit of EB‑5 investors and the local community.”
As approved by USCIS, the Austin Chalk project qualifies as a Rural TEA, which, under current law, provides access to reserved immigrant visa numbers and potential priority processing for associated Form I‑526E petitions. The project’s structure is intended to align with both policy goals of the EB‑5 program and investor protections:
- Senior Security Position: The EB‑5 investment is structured as a senior loan, giving EB‑5 investors a priority security position in the project’s capital stack.
- Risk-Mitigation Focus: The fully capitalized nature of the project, combined with a defined drilling and development schedule, is designed to mitigate construction and execution risk and support repayment of EB‑5 capital.
- 36-Month Loan Term: The EB‑5 loan carries an initial 36‑month term, which is designed to provide investors with a clearer, potentially expedited pathway to repayment, supported by multiple exit and repayment strategies available to the project.
“From day one, our goal with Bedrock’s EB‑5 platform has been to pair institutional-quality projects with conservative, transparent capital structures,” Broadbent added. “In this case, we are proud to partner with Graystreet Partners—an experienced Texas sponsor with real operational depth—to deliver a Rural TEA energy project that we believe aligns with both investor priorities and U.S. public policy objectives.”
About Bedrock Group
Bedrock Group (www.bedrockgroupinc.com) is a U.S.-based investment and advisory platform focused on private credit and real asset–backed strategies, with a dedicated EB‑5 regional center division. Bedrock partners with experienced operating companies and institutional sponsors to structure senior-secured, risk‑conscious EB‑5 offerings designed to meet USCIS program requirements while emphasizing capital preservation and job creation.
About Graystreet Partners
Graystreet Partners is a San Antonio–based investment firm with platforms in real estate and energy. The firm’s energy division focuses on technically driven oil and gas development in proven basins across Texas, leveraging subsurface expertise, disciplined capital deployment, and rigorous risk management to deliver long-term value.
Media Contact:
Bedrock Group
Attn: Public Relations
Email: info@bedrockgroupinc.com
Website: www.bedrockgroupinc.com
Disclaimer: This press release is for informational purposes only and does not constitute an offer to sell or a solicitation of an offer to buy any securities. Any offering of interests to EB‑5 investors will be made only pursuant to formal offering documents, and participation in the EB‑5 program involves risk, including the potential loss of capital and the possibility that immigration benefits may not be obtained. Interested persons should consult their own legal, tax, and immigration advisors.