Question

"An oil and gas sharing arrangement where the general partner agrees to defer taking a percentage of revenues until all costs are recovered is a(n):"

Answer 1

The correct approach will be "Reversionary working interest".

Step-by-step explanation:

• Reversionary value or interest seems to be an individual's value in something like a community when a prior estate continues to function. It represents any curiosity that is deferred to something like the gratification of.
• Under reversive consideration, the obligation of a mortgagee to provide and inhabit land becomes susceptible to something like constraints imposed by the proprietor.