operating agreementglossary / OPERATING AGREEMENT operating agreement. Oil & gas. A contract among owners of the working interest in a producing oil or gas well setting forth the parties’ agreements about drilling, development, operations, and accounting. 词条贡献者 法律翻译Terence,毕业于欧洲顶尖的高级翻译学院,专注翻译各类与房地产与土地使用诉讼有关的法律文件。