working interest

İngilizce - İngilizce

working interest teriminin İngilizce İngilizce sözlükte anlamı: An interest created by the execution of an oil and gas lease; The operating interest that gives the owner the right to drill, produce and conduct operating activities on the property and to share in the production; An interest in a mineral property that entitles the owner of that interest to all of a share of mineral production from the property, usually subject to a royalty A working interest permits the owner to explore, develop, and operate the property The working interest owner bears the costs of exploration, development, and operation of the property and, in return, is entitled to a share of the mineral production from the property or to a share of the proceeds therefrom It may be assigned to another party in whole or in part, or it may be divided into other special property interests Gross Working Interest The reporting company's working interest plus the proportionate share of any basic royalty interest or overriding royalty interest related to the working interest Net Working Interest The reporting company's working interest not including any basic royalty or overriding royalty interests; a share, usually expressed as a percentage, of the costs of a project for which a particular working interest holding partner is responsible in order to earn their NRI in the project; The operating interest in an oil and gas lease; Interest(s) in a well which bears the drilling and operating expenses; An operating interest in oil and gas in place that is burdened with the responsibility and cost of developing and operating the property