11/05/2026
With a non-operated working interest, capital participates in well economics while a separate operator handles drilling and field operations.
Cordell Capital's 2nd Oil & Gas Fund (OG6) intends to invest through Iron Horse Energy Fund III in this type of interest. It is an ownership structure, not a requirement for an individual investor to manage drilling crews. Distribution economics flow from the fund’s ownership share and the partnership documents.
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