Acreage

{
  "id": "MLC-T-ENE-000011",
  "term": "Acreage",
  "field": "Energy",
  "definition": "An area, measured in acres, that is subject to ownership or control by those holding total or fractional shares of working interests. Acreage is considered developed when development has been completed. A distinction may be made between \"gross\" acreage and \"net\" acreage:\n\n• Gross - All acreage covered by any working interest, regardless of the percentage of ownership in the interest.\n\n• Net - Gross acreage adjusted to reflect the percentage of ownership in the working interest in the acreage.",
  "references": [
    "EIA Glossary"
  ],
  "url": "https://mlchart.com/terminology/energy/acreage/"
}