developmental oil and gas partnership

(redirected from Developmental Drilling Program)

Developmental Oil and Gas Partnership

A lower-risk oil and gas limited partnership. The general partner uses the investment money from the limited partners to drill in a proven oil or gas field, and not in an unproven field. This gives the limited partners a good chance at a steady return, but little hope for sudden profit. The typical partnership unit for a limited partner costs $5,000, and the limited partner risks no more than this investment.

developmental oil and gas partnership

References in periodicals archive ?
Closing is scheduled to occur on or before March 31, 2011, and shortly thereafter, an aggressive production enhancement and developmental drilling program will be initiated.
The Company has now drilled 740 new San Andres development wells on this lease since initiating its developmental drilling program in mid-April 2005, and continued its 100% development drilling success rate.
These economic improvements, coupled with strategic actions by the Company to create drilling efficiencies and control drilling and completion costs, allowed the Company to resume and even escalate its developmental drilling program.
As of September 30, 2009, the Company had drilled 579 new San Andres development wells on this lease since initiating its developmental drilling program in mid-April 2005, and continued our 100% development drilling success rate.
As of June 30, 2009, the Company had drilled 530 new San Andres development wells on this lease since initiating its developmental drilling program in mid-April, 2005, and continued our 100% development drilling success rate.
The Company has now drilled 497 new San Andres development wells on this lease since initiating its developmental drilling program in mid-April 2005, and continued its 100% development drilling success rate.
Similar polymer treatments are playing a role in our developmental drilling program.
The Company has now drilled 432 new San Andres development wells on this lease since initiating its developmental drilling program in mid-April 2005.
The Company has now drilled 363 new San Andres development wells on this lease since initiating its developmental drilling program in mid-April 2005.
The Company has now drilled 310 new San Andres development wells on this lease since initiating its developmental drilling program in mid-April 2005.
The Company drilled 133 new development wells in 2007 for a total of 256 new San Andres development wells on this lease since initiating its developmental drilling program in mid-April 2005.
A total of 179 new development wells have been drilled since initiating a developmental drilling program in mid-April 2005.
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