As commodity oil and gas prices move near their historic highs, new junior oil and gas exploration and development companies have been working to take advantage. Many of the people interested in working the oil and gas exploration and development pipeline are eager to profit but lack the capital and know-how to get the job done. To get around this inexperience factor, many juniors turn toward experienced operators with financing and experience in place. If a junior can find a senior willing to take on their prospects, at acceptable terms, profits are very likely to be found for all involved.