Non-Operating Working Interest definition

Non-Operating Working Interest means a working interest that is operated by an entity other than Chesapeake Energy Corporation, ▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇, Larchmont Resources, L.L.C. or any Subsidiary of Chesapeake Energy Corporation, ▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇, Larchmont Resources, L.L.C..
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Non-Operating Working Interest means a working interest in any oil and natural gas lease held by a party who is a non-operator with respect to such oil and natural gas lease.
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Non-Operating Working Interest means an ownership and participation interest in property; such interest is owned by a person or entity who is not designated as operator and is without operating rights to that property.
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Examples of Non-Operating Working Interest in a sentence

  • Section 5.05 If a subsequent operation proposal by such Applicable EXCO Operator under such Third Party Operating Agreement conflicts with a subsequent operation proposal by a third party Non-Operating Working Interest owner, such Applicable Partnership Party shall vote in favor of such Applicable EXCO Operator's proposal.

  • Section 5.03 With respect to such Contract Wellbore if such Applicable EXCO Operator is not the operator under the applicable Third Party Operating Agreement, such Applicable EXCO Operator shall provide such services to such Applicable Partnership Party as are necessary for such Applicable Partnership Party to perform its duties under the applicable Third Party Operating Agreement and otherwise act in its capacity as a Non-Operating Working Interest owner with respect to such Contract Wellbore.


More Definitions of Non-Operating Working Interest

Non-Operating Working Interest means a “co-owner of the working interest” in an oil, gas or other mineral property.
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