The Structure of the Drilling Program - An Overview

  • E. R. R. Carruthers
Keywords: Energy Law, Petroleum Law


New tax incentives in Canada have given rise to the development of drilling funds as financing vehicle for oil and gas exploration and development This paper overviews the key features of such funds, examining the form and type of such agreements, and marketing and securities regulation. The author analyzes and compares several recent Canadian and American drilling fund offerings.