Business, Investing, Making Money

Oil Projects

Oil Projects Collage

The oil and gas industry utilizes several different strategies to access potential reserves underneath the ground. Here’s a list of each project type, ranked in descending order from the highest to the lowest risk.

Project Type Definitions:

Wildcat – The process of drilling for oil and/or natural gas in an unproven area.

Develocat – The process of drilling for oil and/or natural gas in an area that offers characteristics of both wildcat and developmental project types.

Developmental – The process of drilling for oil and/or natural gas in a proven area where oil is likely to be found.

Horizontal – The process of drilling for oil and/or natural gas, at a horizontal angle, in order to reach reserves not accessible by vertical drilling.

Producing Royalties – Projects offering income from existing well/wells already in production on the property.

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