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Net Revenue Interest: the share of income received, connected to a working interest; Royalty Interest: the share of income received, unrelated to a working interest, and therefore received without paying any well expenses; usually connected to a leased mineral ownership. When a mineral owner signs a lease, he receives a royalty interest.
Working interest is the ownership interest that would require the participation in production expenses. [3] Mineral interest is the percentage of real property interest after severance of oil and gas from surface rights. [4] Tract participation factor is the number of lease acres of the lessor divided by total number of acres. [5]
A company's earnings before interest, taxes, depreciation, and amortization (commonly abbreviated EBITDA, [1] pronounced / ˈ iː b ɪ t d ɑː,-b ə-, ˈ ɛ-/ [2]) is a measure of a company's profitability of the operating business only, thus before any effects of indebtedness, state-mandated payments, and costs required to maintain its asset ...
The terms hydrocarbon accounting and allocation are sometimes used interchangeably. [ 2 ] [ 3 ] Hydrocarbon accounting has a wider scope, taking advantages of allocation results, it is the petroleum management process by which ownership of extracted hydrocarbons is determined and tracked from a point of sale or discharge back to the point of ...
Valuations can be done for assets (for example, investments in marketable securities such as companies' shares and related rights, business enterprises, or intangible assets such as patents, data and trademarks) or for liabilities (e.g., bonds issued by a company). Valuation is a subjective exercise, and in fact, the process of valuation itself ...
For example, Series EE Savings Bonds currently earn a 2.60% interest rate, which is subject to change after 20 years. Series I Savings Bonds are fixed at 3.11%, though this rate may change every ...
[citation needed] The term "reserve" can be a confusing accounting term. In accounting, a reserve is always an account with a credit balance in the entity's equity on the balance sheet, while to some non-accountants (e.g., actuaries), it has the connotation of money set aside to meet a future liability (a debit balance).
The UK National Ecosystem Assessment (NEA) was a two-year initiative from 2009 to 2011 that assessed the benefits of the natural environment to society and the economy. [33] The Government has pledged to develop full UK Environmental Accounts by 2020. This work is being led by the ONS and the Department for Environment, Food and Rural Affairs ...