New protection for public investors in oil and gas drilling funds
Technical Report
·
OSTI ID:5585445
The State Securities Board has adopted Administrative Guidelines for Registration of Oil and Gas Funds Programs which were constructed for a three-fold purpose - one of which is to assure public investors of adequate capitalization of the sponsor (the entity which originates and promotes an oil program) to perform the ventures to be shared fairly between the investors and sponsors. This paper presents a synopsis of the rules of the Securities Board which would be applicable to the employment of a joint-vent to raise drilling funds.
- Research Organization:
- Texas Governor's Energy Advisory Council, Austin (USA)
- OSTI ID:
- 5585445
- Report Number(s):
- NP-4900389; ON: DE84900389
- Country of Publication:
- United States
- Language:
- English
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