exploratory oil and gas partnership(redirected from Exploratory Oil and Gas Drilling Partnership)
Exploratory Oil and Gas Partnership
A higher-risk oil and gas limited partnership. The general partner uses the investment money from the limited partners to drill in an unproven oil or gas field, and not in a proven field. This gives the limited partners the possibility of high profit if a large amount of oil or gas is discovered, but there is a chance that nothing will be found and the limited partners will lose their investments. The typical partnership unit for a limited partner costs $5000, and the limited partner risks no more than this investment.
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exploratory 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.