developmental oil and gas partnership

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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.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved

developmental oil and gas partnership

Wall Street Words: An A to Z Guide to Investment Terms for Today's Investor by David L. Scott. Copyright © 2003 by Houghton Mifflin Company. Published by Houghton Mifflin Company. All rights reserved. All rights reserved.
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