Net profits interest

{
  "id": "MLC-T-OAG-002524",
  "term": "Net profits interest",
  "field": "Oil and gas",
  "definition": "A share of the net profits from an oil and gas property, after all operating and development costs have been deducted. This interest is free of the burden of operating expenses but does not carry the right to participate in management decisions. It is a non-operating interest, similar to a royalty, but calculated after expenses.",
  "subject": "Oil and Gas Business",
  "url": "https://mlchart.com/terminology/oil-and-gas/net-profits-interest/"
}