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 ?
4, 2015 /PRNewswire/ -- Breitling Energy Corporation (OTCBB:BECC) (the "Company") announces a new non-operated 35-percent participation in a 14-well developmental drilling program in West Texas, with the first spudding tomorrow.
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.
On May 11, 2015, Titan announced commercial production on the initial test well of the 2015 multi-well developmental drilling program on Allen Dome.
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.
We are continuing our developmental drilling program at the Hartford Complex and are looking forward to receiving additional assay results.
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.
Once the results of the 3-D seismic are complete, we will decide whether to go forward with a developmental drilling program or divest all or part of our interest.
BULLETIN BOARD: MILL) plans large gas developmental drilling program and two deep wildcats.
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.
announces that it is scheduled to begin a three-well developmental drilling program in mid-January in the Blue Ridge Dome Field, Fort Bend County, Texas.
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.
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