Warning

Info

Warning

Info

Warning

Info

LSDefine

Simple English definitions for legal terms

operating interest

Read a random definition: ministerial-function test

A quick definition of operating interest:

Operating interest is the same as working interest. It means the percentage of ownership that a person or company has in an oil or gas well or mining operation. This ownership gives them the right to make decisions about how the operation is run and to receive a share of the profits.

A more thorough explanation:

OPERATING INTEREST

Operating interest refers to the percentage of ownership in an oil or gas well that gives the owner the right to participate in the management and decision-making process of the well's operations. It is also known as working interest.

Example 1: John owns a 25% operating interest in an oil well. This means that he has the right to participate in the decision-making process of the well's operations, such as drilling, production, and maintenance. He is also responsible for paying 25% of the costs associated with these operations.

Example 2: Sarah has a 50% operating interest in a gas well. This means that she has the right to participate in the management of the well's operations, such as hiring contractors and making decisions about the well's production. She is also responsible for paying 50% of the costs associated with these operations.

Operating interest is the percentage of ownership in an oil or gas well that gives the owner the right to participate in the management and decision-making process of the well's operations. The examples illustrate how owning an operating interest in a well gives the owner the right to make decisions about the well's operations and share in the costs associated with those operations.

operating income | operating lease

Warning

Info

General

General chat about the legal profession.
main_chatroom
👍 Chat vibe: 0 👎
Help us make LSD better!
Tell us what's important to you
Dkk
9:00
@renard99: also, the same band that does a song in the anime Eureka 7 which I watched when I was like idk, 12
9:00
Yeah! They are pretty good. Three Out Change is an awesome J-rock record
Dkk
9:01
I will probably not listen to them more but fun fact. Really random to start the day. An omen that the waves will be very random today.
Dkk
9:03
Fuck, reading the wikipedia now. Literal last song they did before they broke up was Storywriter. Wow.
9:05
That one is a masterpiece
9:05
My favorite song by them is Recreation
glovediedthisishismom
9:05
snowing
Dkk
9:07
@renard99: man, hard to find.
Dkk
9:07
@glovediedthisishismom: Congrats on the snow.
Dkk
9:16
@renard99: Poetic and nice.
9:42
My name is renard99 and I just sent @babycat feet pics
glovediedthisishismom
9:42
nobody is at the office today they should let little glovey go home and watch harry potter
Dkk
9:49
Lmfao, Gross
Dkk
9:49
@glovediedthisishismom: Watch it at the office!
Dkk
9:50
Proton vpn and https://en.solarmovie-official.lol/
let little glovey go home!
babycat
9:55
it’s true he sent me feet pics (unsolicited!)
babycat
9:56
poor little glovey
babycat
9:56
it’s illegal to make you work on a snow day
BulbasaurNoLikeCardio
9:57
Free feet pics sounds like you saved some money
snow
9:59
wish it was snowing in texas rn
Dkk
9:59
Man, hate this conversation cus it just reminds me of the gay guy that used to always ask me for them.
BulbasaurNoLikeCardio
9:59
That cold snap that hit texas is heaven though, opening windows in the house and using the fireplace
snow
10:00
it really is bulb. it was hot as hell for the longest time
BulbasaurNoLikeCardio
10:00
@Dkk: You could of made so much money
that sounds heavenly
babycat
10:00
Aw Dkk has trauma from the gay guy who wanted to fuck his arches
snow
10:00
lmaooooo
LSD+ is ad-free, with DMs, discounts, case briefs & more.