Definition of Free well

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TeachMeFinance.com - explain Free well



Free well

The term 'Free well' as it applies to the area of energy can be defined as ' A well drilled and equipped by an assignee as consideration for the assignment of a fractional share of the working interest, commonly under a farm-out agreement'.

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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".


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