Working Interest. The interest held in geothermal resources or in lands containing the same by virtue of a lease, operating agreement, fee title, or otherwise, under which, except as otherwise provided in this Agreement, the owner of such interest is vested with the right to explore for, develop, produce and utilize such resources. The right delegated to the Unit Operator as such by this Agreement is not to be regarded as a Working Interest.
Appears in 7 contracts
Samples: Geothermal Resource Leasing and Unit Agreements, Royalty Agreement, Unit or Cooperative Agreement
