MLchartDataset catalogue

Farmor

Term · Oil and gas · MLC-T-OAG-001369

The owner of an oil and gas lease who transfers all or part of their operating rights to another party, known as the farmee. This transfer typically occurs when the farmor lacks the resources or desire to drill a well on the leased acreage. The farmor retains an overriding royalty interest or a reversionary interest in the lease.

Table 1. Record
IdentifierMLC-T-OAG-001369
FieldOil and gas
SubjectOil and Gas Business
Record as JSON 
{
  "id": "MLC-T-OAG-001369",
  "term": "Farmor",
  "field": "Oil and gas",
  "definition": "The owner of an oil and gas lease who transfers all or part of their operating rights to another party, known as the farmee. This transfer typically occurs when the farmor lacks the resources or desire to drill a well on the leased acreage. The farmor retains an overriding royalty interest or a reversionary interest in the lease.",
  "subject": "Oil and Gas Business",
  "url": "https://mlchart.com/terminology/oil-and-gas/farmor/"
}

Record 1,475 of 4,468 in Oil and gas terminology (MLC-0103). Request the full dataset.