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LSDefine

Simple English definitions for legal terms

operating interest

Read a random definition: margined security

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

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MIAMI A
[] AromaticTroubledDormouse
20:55
How does one know if they are UR1 or UR2?
[] AromaticTroubledDormouse
20:56
CONGRATS MACAQUE!
TY
got a random stanford email and almost had a heart attack
ALSO CONGRATS!
Congrats1!
21:15
Miami A, yall I'm so excited I could cry.
21:15
Feel like I can finally stop holding my breath!! Whew!!!
[] baddestbunny
22:16
every time I get accosted by a strange man who follows me around because my male coworkers were too busy talking to walk me back to my car I get closer to saying we need to bring back traditional gender roles
Dkk
22:32
Nice! @Macaque
Dkk
22:32
@Aromatic, Have to guess.
Dkk
22:33
That sucks @Bunny do you have to go to the hospital?
[] baddestbunny
22:40
I said accosted not assaulted
23:35
guys. my notre dame address just went long is this good or bad
1a2b3c4d26z
23:37
Oooooo me too
23:37
omg is this good or bad
Dkk
23:47
Idk if gender roles are gunna fix that then.
23:49
it looks like most people who applied in october last cycle didn't get a decision until january... does it even mean anything that our addresses went long??
hows ED 2 compared to ED 1?
Dkk
0:10
No idea
windyMagician
0:34
reporting live to say my ndls address also went long
does it mean anything ^
Dkk
2:21
NDLS and Fordham took a very long time last year. It's good info for people to know.
[] baddestbunny
4:29
let’s get after it boys and girls
Dkk
5:21
I gtg to bed soon.
Dkk
5:22
Big day today. Gunna be a crazy one. I will sleep through the first half.
good morning lsd it is 5 am EST
also jazzy my ndls address went long ages ago i sadly do not think it means anything
my stanford address also went long LOL i think at most it's an indicator it's under review
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