working interest

working interest. Oil & gas. The rights to the mineral interest granted by an oil-and-gas lease, so called because the lessee acquires the right to work on the leased property to search, develop, and produce oil and gas, as well as the obligation to pay all costs. See ROYALTY(2). — Also termed leasehold interest; operating interest. [Cases: Mines and Minerals 73.1(2). C.J.S. Mines and Minerals §§ 241, 243, 265.]

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词条贡献者

译者黎川，毕业于世界顶级翻译学院，擅长翻译各种与专利与技术诉讼相关的法律文件。