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 资深译员Bryan,毕业于美国一流的翻译学院,专注翻译各种与贸易与海关有关的法律文件。