Gross Working Interest definition

Gross Working Interest means that interest, expressed as a decimal, percentage, or fractional interest, relative to 100% on which Participant shall pay (his/her/its) share of operating expenses.

Gross Working Interest and “W.I.” or “G.W.I.” means an interest owned in an oil, gas and mineral lease that determines the cost bearing percentage of the owner of such interest.

Gross Working Interest and "W.I." or "

Examples of Gross Working Interest in a sentence

• The Assignment from Operator to Participant shall be of Participant’s before payout Gross Working Interest and Net Revenue Interest as identified on the signature page to this Agreement and shall be specifically subject to the “after payout” interest of Operator, as providing for in this Agreement.

• The Company has reviewed and is currently completing a detailed analysis of its operations with a view to assessing whether it will be vulnerable to a Year 2000 Problem (as defined below).

• GROSS WORKING INTEREST OWNER NAME: The name of the Gross Working Interest Owner or responsible royalty remitter (if known) for the lease being reported.

• The key drivers of the upwards revision is the recognition of reserves at Orogho, Sapele Shallow and Okwefe following review of 2014 well performance data and the conversion from 2C to 2P as a result of 2014 development activities.Full year average daily production Gross Working Interest Note: Liquid production volumes as measured at the LACT unit for OMLs 4, 38 and 41 and OPL 283 flow station.

• Exhibit A — General Terms and Conditions Page 11DYNEGY CONTRACT NO.: 014904 — Ref No. 095 EXHIBIT B – DEDICATED ACREAGE AND/OR DEDICATED WELLStoGAS PURCHASE AGREEMENT DEDICATED ACREAGE – Part I Counties Denton and Wise CountiesState TexasExisting Wells: See "Current Dedicated Wells" listed below Supplier’s Gross Working Interest Varies.

More Definitions of Gross Working Interest

Gross Working Interest. N/A until payout Net Revenue Interest: N/A until payout After Payout: Prospect Well 1 (see Section II. 1.) Gross Working Interest: 25.0% Net Revenue Interest: 18.125% Prospect Well 2 and 3 (see Section II. 2.) Before Payout

Gross Working Interest. N/A until payout Net Revenue Interest: N/A until payout After Payout: Prospect Well 1 (see Section II. 1.) Gross Working Interest: 25.0% Net Revenue Interest: 18.75% Prospect Well 2 and 3 (see Section II. 2.) Before Payout Gross Working Interest: 37.5% Net Revenue Interest: 28.125.125% After Payout: Prospect Well 2 and 3 (see Section II. 1.) Gross Working Interest: 37.5% Net Revenue Interest: 28.125% /s/ By: Title: Director Names: Shale Corp. Address: 000 Xxx Xx, Xxxxx 000, Xxxxxxx Xx, X0X 0X0 Phone Number: Fax Number:

Gross Working Interest. (herein sometimes referred to as "GWI") shall mean each Party's Working Interest percentage in a particular Tract as shown on Exhibit "B" to the Unit Agreement.

Gross Working Interest means in respect of oil reserves, the total oil reserves attributable to the Corporation’s interest prior to deductions under the production sharing contract and based on economically recoverable volumes within the development/exploitation period specified in the production sharing contract.

Gross Working Interest means, in respect of resources, the total resources attributable to the Corporation’s interest prior to the deductions per the applicable production sharing contract, risk exploration contract or fiscal regime for each license area.

Gross Working Interest and “W.I.” or “

Gross Working Interest means, for each Lease or group of Leases, the interest identified as "Working Interest" on Exhibit A.