Series 22: Developmental Programs

Taken from our Series 22 Top-off Online Guide

Developmental Programs

Developmental programs differ from exploratory programs in that the lands they explore and work are close to proven areas next to producing wells. The hope is that they will tap into new resources. Because of their location, the cost of leasing property will be much higher. The risk of failure is still present but far less likely than for exploratory programs. Intangible costs are still significant but lower, sin

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