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The Newest Twist in U.S. Energy Has Roots in the Past

The limited partnership is set to transform U.S. oil and gas.

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The U.S. oil and gas industry is abuzz with a new phenomenon: the upstream limited partnership. But putting upstream (exploring, developing, and producing) oil and gas assets in a yield-based, tax-exempt structure isn't an entirely new idea. Here we will detail the history of these structures to highlight their benefits, risks, and broader industry implications.

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Kish Patel does not own shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.