Oil and Gas Direct Participation Program
Definition - What does Oil and Gas Direct Participation Program mean?
Oil and Gas Direct Participation Program is a type of DPP designed to invest in oil and gas production or exploration.
Testopedia explains Oil and Gas Direct Participation Program
There are several types of oil and gas partnerships that an investor may participate in. An investor may invest in oil and gas income programs, developmental programs, exploratory or wildcatting programs depending on their objective and risk tolerance. Once the oil or gas partnership has been formed and has begun operating, the limited partners and the general partner will share in the income and tax benefits generated by the partnership according to the sharing arrangement laid out in the partnership agreement