The term “wildcatting” in DPPs is typically used to refer to which of the following ...

By Investopedia Staff AAA
Q:

The term “wildcatting” in DPPs is typically used to refer to which of the following?

A) Exploratory oil and gas drilling programs.
B) Developmental oil and gas drilling programs
C) Production programs
D) “Step-out” well drilling programs
A:

The correct answer is A).
“Wildcatting” is exploratory drilling where oil and gas have never been recovered before. This is the riskiest of the oil and gas partnership programs, but carries the highest potential reward. The term “step-out” refers to a type of developmental program.


RELATED FAQS

  1. How many people fail the series 63 exam every year?

    How many stock brokers failed the Series 63 exam before they passed successfully? Here is what you need to know before taking ...
  2. The Shur-Gro variable annuity uses an AIR of 3% for those contract holders who are ...

    The correct answer is b. Any time the actual growth rate of the separate account exceeds the account’s AIR, the payment will ...
  3. Sometimes investment banking firms allocate shares of hot issues to the personal ...

    The correct answer is a) Spinning is the act of selling hot issues to the personal accounts of corporate officers which in ...
  4. Donald has been putting aside money for his retirement into a Roth IRA for six years.  Although ...

    The correct answer is A) In a Roth IRA, there is no required distribution date as there is in a traditional IRA.
RELATED TERMS
  1. Series 79

    A examination to ensure a candidate is qualified to become a ...
  2. Research Analyst

    A person who prepares investigative reports on equity securities. ...
  3. Series 34

    An exam required for individuals seeking to engage in off-exchange ...
  4. Financial Advisor

    One who provides financial advice or guidance to customers for ...
  5. Series 23

    An exam offered by the Financial Industry Regulatory Authority ...
  6. Series 28

    An exam given by the Financial Industry Regulatory Authority ...

You May Also Like

Related Articles
  1. Professionals

    Should You Add A Securities License ...

Trading Center