Nonoperating interest definition
Nonoperating interest means an interest in production from a mineral property which does not share in operating rights. A nonoperating interest includes an overriding royalty interest, a net profit interest, and a carried interest.
Examples of Nonoperating interest in a sentence
Sugar Valley Field Old Van Vleck Road Sugar Valley, TX 77480 Matagorda County Non-operating interest in oil and gas leases held by the oil production from the ▇▇▇▇▇▇▇▇▇ #1 unit, the ▇▇▇▇▇▇▇▇▇ #2 well and the Oxbow #1 well.