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TeachMeFinance.com - explain Drilling arrangement Drilling arrangement The term 'Drilling arrangement' as it applies to the area of energy can be defined as ' A contractual agreement under which a working interest owner (assignor) assigns a part of a working interest in a property to another party (the assignee) in exchange for which the assignee agrees to develop the property. The term may also be applied to an agreement under which an operator assigns fractional shares in production from a property to participants for cash considerations as a means of acquiring cash for developing the property. Under a 'disproportionate cost' drilling arrangement, the participants normally pay a greater total share of costs than the total value of the fractional shares of the property received in the arrangement'. Previous 5 Terms: Drifting Ice Drifting Snow Drill Drilling Drilling and equipping of wells Next 5 Terms: drilling rig drip irrigation Drip irrigation (trickle) drip torch Drizzle About the author Mark McCracken Author: Mark McCracken is a corporate trainer and author living in Higashi Osaka, Japan. He is the author of thousands of online articles as well as the Business English textbook, "25 Business Skills in English". Copyright © 2005-2011 by Mark McCracken, All Rights Reserved. TeachMeFinance.com is an informational website, and should not be used as a substitute for professional medical, legal or financial advice. Information presented at TeachMeFinance.com is provided on an "AS-IS" basis. Please read the disclaimer for details.