Working Interest. The operating interest under an oil, gas and mineral lease or other property interest covering a specific tract or tracts of land. The owner of a Working Interest has the right to explore for, drill and produce the oil, gas and other minerals covered by such lease or other property interest and the obligation to bear the costs of exploration, development, operation or maintenance applicable to his interest.
Appears in 2 contracts
Sources: Limited Partnership Agreement (Swift Energy Pension Partners 1995-a LTD), Limited Partnership Agreement (Swift Energy Pension Partners 1995 B LTD)