SpeakLegalEnglish

Menu

This Week's Word

"Talking Law" Articles

Archives

Seminars

Legal English Forum

Law Links

Contact

About Us

Congratulations! Correct Answer!

Working Interest

B.  The rights to the mineral interest granted by an oil-and-gas lease.

Listen to pronunciation

Legal Definition - 

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. --Also termed leasehold interest; operating interest.
Black's Law Dictionary® Eighth Edition © 2004

Current Usage - 

US oil companies announce oil discovery off Brazil


HOUSTON: Oil and gas companies Anadarko Petroleum Corp. and Devon Energy Corp. announced Tuesday an oil discovery off Brazil in the Campos Basin.
The well is in approximately 4,650 feet (1,417 meters) of water about 25 miles (40 kilometers) southeast from discoveries at the giant Jubarte field by Petrobras, Brazil's state-run oil company.
Preliminary results at Wahoo indicate similar characteristics to a nearby Jubarte well, which is Brazil's first producing pre-salt well and has achieved initial rates of approximately 18,000 barrels per day of light oil.
The 1-APL-1-ESS exploratory well is located on block BM-C-30.
Houston-based Anadarko, through a subsidiary, holds a 30 percent working interest in the field. Devon, headquartered in Oklahoma City, has a 25 percent interest.
The Associated Press
Tuesday, September 30, 2008

For more test words go to Archives

 Legal-Word-a-Week
free lessons by email

Get a new word every week by email.  Sign up now.

Email address:
Your name:



Click here to find past words of the week.

New Seminar dates!
Pre-register now to save your place!


Links to useful law and language resources.

New!
Click here to link to us!

Home | Archives | Seminars | Law Links | Contact | About Us

Copyright © 2006 All rights reserved
Speak Legal English/Anderson Legal English 12 rue Daniel Hirtz Strasbourg France 67000