working interest
- Relates to the entitlement a party holds to extract oil, gas or minerals from a designated area and the corresponding obligation to shoulder expenses related to the extraction process
- The company secured a 70% working interest in the oil field, which means they will cover a proportional amount of extraction cost.
- Acquiring a working interest in a mineral-rich property can be profitable but it also involves covering the cost of any production operations.
- Her working interest in the natural gas site obligates her to shoulder the costs of operations, but in turn, she receives a percentage of the product.
Provide Feedback
