One-Third for A Quarter
One-Third for A Quarter : A term used by independent oil operators who are selling interests in a well they propose to drill. An investor who agrees to the one-third for a quarter deal will pay one-third of the cost of the well to the casing point and receive one-fourth of the well's net production. When the operator sells three of these one-third interests he will have the cost of the well to casing point paid by his investors
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