A reversionary oil and gas sharing arrangement where the general partner agrees to defer taking a percentage of revenues is also known as a(n)____________.

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asked Nov 3, 2021 147k views

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Poliane Brito · Answer 1 · 2021-11-09T23:07:50+0000

Answer:

The correct answer is: Reversionary working interest.

Step-by-step explanation:

Reversionary working interest or Subordinated Royalty Interest refers to general partners coming together to make business but they do not share any of the cost either the revenues until limited partners have received their shares and any interest if agreed.

A reversionary oil and gas sharing arrangement where the general partner agrees to defer taking a percentage of revenues is also known as a(n)____________.

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