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.



Professionals FAQs
  1. Where can I look for a financial planner?

    References from trusted friends or family members can help you find a financial planner; however, keep in mind that your friends' financial situations and goals may differ from yours and, therefore, their planners won't necessarily be the best fit for you.The Certified Financial Planner (CFP) Board of Standards certifies financial planners and maintains an online list of certified financial planners on its CFP Board of Standards website.
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  4. Under the USA, registration as an IAR includes all of the following EXCEPT:

    Under the USA, registration as an IAR includes all of the following EXCEPT: A. Minimum net capitalB. Passing a qualification examC. Filing a consent to service of processD. Posting a surety bond The correct answer is "A", since only an IA would need to prove minimum net capital requirements.