exploratory oil and gas 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.

exploratory oil and gas partnership

See oil and gas drilling limited partnership.

单词	exploratory oil and gas partnership
释义	exploratory oil and gas 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. exploratory oil and gas partnership See oil and gas drilling limited partnership.
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