Series 22: 3.1.2. Division Of Interests

Taken from our Series 22 Top-off Online Guide

3.1.2. Division of Interests

There are two basic types of ownership interest in an oil and gas program. A royalty interest is an ownership of a fixed portion of the revenue produced. A working interest is an ownership in the right to develop a property and of a percentage share of its income and expenses. From these two basic types come a number of offshoots.

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