Definition of Gross working interest ownership basis

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TeachMeFinance.com - explain Gross working interest ownership basis



Gross working interest ownership basis

The term 'Gross working interest ownership basis' as it applies to the area of energy can be defined as ' Gross working interest ownership is the respondent's working interest in a given property plus the proportionate share of any royalty interest, including overriding royalty interest, associated with the working interest'.

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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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