working interest

Definition of "working interest"
  1. 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
How to use "working interest" in a sentence
  1. The company secured a 70% working interest in the oil field, which means they will cover a proportional amount of extraction cost.
  2. Acquiring a working interest in a mineral-rich property can be profitable but it also involves covering the cost of any production operations.
  3. 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.

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