Open AccessLimited Partnerships in the Alberta Oil and Gas Industry
Author(s) -
Robert Powers
Publication year - 1978
Publication title -
alberta law review
Language(s) - English
Resource type - Journals
eISSN - 1925-8356
pISSN - 0002-4821
DOI - 10.29173/alr594
Subject(s) - general partnership , energy law , statutory law , joint venture , popularity , petroleum industry , business , limited partnership , fossil fuel , economics , finance , law , political science , commerce , engineering , environmental law , environmental engineering , waste management
Limited partnerships, as financing vehicle in the oil and gas industry, are gaining popularity. This paper reviews the law relating to limited partnerships in Alberta, emphasizing those problems of particular significance in the formation of such partnership for participation in the oil and gas business. Relevant provincial and federal statutory provisions are considered, and draft Partnership Agreement is set out. The author also highlights the distinctions between the limited partnership, joint venture, and operating agreement.