Question of the Week

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

Answer:

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.