Farmee

{
  "id": "MLC-T-OAG-001368",
  "term": "Farmee",
  "field": "Oil and gas",
  "definition": "A party that receives an interest in an oil and gas lease from another party, known as the farmor, under a farmout agreement. The farmee typically commits to drilling a well or performing other development work on the lease in exchange for this interest. Upon successful completion of the agreed-upon work, the farmee earns a specified percentage of the working interest.",
  "subject": "Oil and Gas Business",
  "url": "https://mlchart.com/terminology/oil-and-gas/farmee/"
}