Wildcat Drilling

The process of drilling for oil in an area that has been left unexplored.

Investopedia Says:
The area in which the wildcat drilling occurs has usually not yielded commercial amounts of oil in prior to drilling. Due to the uncertainty of striking oil, investors who choose to enter into a wildcat oil and gas limited partnership are exposed to high risks. However, should a significant amount of oil be discovered, investors can reap immense profits.

Exploring for oil or gas in an unproven area. A wildcat Oil and Gas Limited Partnership is structured so that investors take high risks but can reap substantial rewards if oil or gas is found in commercial quantities.

Exploring for oil or gas in an unproven area. A wildcat Oil and Gas Limited Partnership is structured so that investors take high risks but can reap substantial rewards if oil or gas is found in commercial quantities.