working interest

working interest
working interest see interest 1

Merriam-Webster’s Dictionary of Law. . 1996.

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  • working interest — ➔ interest * * * working interest UK US noun [C] FINANCE ► a share that a company holds in property, especially land where there is oil and gas, that gives it the right to develop it and have a share of any profits: »It holds a 35% working… …   Financial and business terms

  • Working interest —   An interest in a mineral property that entitles the owner of that interest to all of share of the mineral production from the property, usually subject to a royalty. A working interest permits the owner to explore, develop, and operate the… …   Energy terms

  • working interest — The rights to the mineral interest granted by an oil and gas lease, so called because the lessee acquires the right to work on the lease property to search, develop and produce oil and gas and the obligation to pay all costs. See also royalty …   Black's law dictionary

  • working interest — The production of an oil well upon which royalty payable under a lease is computed. 24 Am J1st Gas & 0 § 87 …   Ballentine's law dictionary

  • Gross working interest ownership basis —   Gross working interest ownership is the respondent s working interest in a given property plus the proportionate share of any royalty interest, including overriding royalty interest, associated with the working interest.   U.S. Dept. of Energy …   Energy terms

  • interest — in·ter·est / in trəst; in tə rəst, ˌrest/ n [probably alteration of earlier interesse, from Anglo French, from Medieval Latin, from Latin, to be between, make a difference, concern, from inter between, among + esse to be] 1: a right, title, claim …   Law dictionary

  • interest — the cost of borrowing money. Glossary of Business Terms What is paid to a lender for the use of his money and includes compensation to the lender for three factors: 1) Time value of money (lender s rate) the value of today s dollar is more than… …   Financial and business terms

  • Interest — The price paid for borrowing money. It is expressed as a percentage rate over a period of time and reflects the rate of exchange of present consumption for future consumption. Also, a share or title in property. The New York Times Financial… …   Financial and business terms

  • Working Interests — Refers to a form of investment in oil and gas drilling operations in which the investor is directly liable for a portion of the ongoing costs associated with exploration, drilling and production. In a similar fashion, working interest owners also …   Investment dictionary

  • Working class — is a term used in academic sociology and in ordinary conversation to describe, depending on context and speaker, those employed in specific fields or types of work.As with many terms describing social class, working class is defined and used in… …   Wikipedia

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