MLchartDataset catalogue

Working interest

Term · Oil and gas · MLC-T-OAG-004176

An ownership interest in an oil and gas lease that grants the holder the right to explore, drill, and produce oil and gas from the leased property. This interest carries the obligation to pay a proportionate share of the costs of drilling, completing, and operating the wells. The working interest owner typically receives a share of the production after royalties are paid.

Table 1. Record
IdentifierMLC-T-OAG-004176
FieldOil and gas
SubjectOil and Gas Business
Record as JSON 
{
  "id": "MLC-T-OAG-004176",
  "term": "Working interest",
  "field": "Oil and gas",
  "definition": "An ownership interest in an oil and gas lease that grants the holder the right to explore, drill, and produce oil and gas from the leased property. This interest carries the obligation to pay a proportionate share of the costs of drilling, completing, and operating the wells. The working interest owner typically receives a share of the production after royalties are paid.",
  "subject": "Oil and Gas Business",
  "url": "https://mlchart.com/terminology/oil-and-gas/working-interest/"
}

Record 4,433 of 4,469 in Oil and gas terminology (MLC-0103). Request the full dataset.