Nonoperating working interest

{
  "id": "MLC-T-INS-002345",
  "term": "Nonoperating working interest",
  "field": "Insurance and risk management",
  "definition": "A share in an oil and gas lease that entitles the holder to a portion of the production but does not carry the responsibility for operating costs or decisions. The interest owner receives revenue after the operator deducts expenses, but does not directly manage the drilling or production activities. This differs from a working interest, which includes both revenue and operational control.",
  "url": "https://mlchart.com/terminology/insurance/nonoperating-working-interest/"
}