Working Interest. “Working Interest” means that interest which bears a share of all costs and expenses proportionate to the interest owned, associated with the exploration, development and operation of a Lease and the ▇▇▇▇▇ associated therewith, that the owner of a Lease is required to bear and pay by reason of such ownership, expressed as a decimal.
Appears in 3 contracts
Sources: Purchase and Sale Agreement (Us Energy Corp), Purchase Agreement, Purchase Agreement (Goodrich Petroleum Corp)