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There are various terms describing ownership interests in an oil or gas well. An interest signifying a duty to pay expenses is called: Working Interest: the share of well drilling or operating expenses paid. The owner of a working interest will also own a corresponding, but usually lower, net revenue interest. Interests in receiving income include:
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]
Owning mineral rights (often referred to as a "mineral interest" or a "mineral estate") gives the owner the right to exploit, mine, or produce any or all minerals they own. Minerals can refer to oil, gas, coal, metal ores, stones, sands, or salts. An owner of mineral rights may sell, lease, or donate those minerals to any person or company as ...
These include machinery, tools, and buildings. They are of two types, fixed and working. Fixed are one time investments like machines, tools and working consists of liquid cash or money in hand and raw material. The classical economists also employed the word "capital" in reference to money.
Dewatering is an important process in mineral processing. The purpose of dewatering is to remove water absorbed by the particles which increases the pulp density. This is done for a number of reasons, specifically, to enable ore handling and concentrates to be transported easily, allow further processing to occur and to dispose of the gangue.
There are no federal interest rate protections for all consumers, though the Military Lending Act prevents lenders from charging more than 36% in interest and fees to active duty service members ...
Defenders of business taxation argue that it is an efficient method of taxing income that ultimately flows to individuals, or that separate taxation of business is justified on the grounds that commercial activity necessarily involves the use of publicly established and maintained economic infrastructure, and that businesses are in effect ...
The Bureau's Minerals Information functions were transferred to the U.S. Geological Survey (USGS) in early 1996. The "Mineral Industry Surveys", "Mineral Commodity Summaries", and the "Minerals Yearbook" continued to be published. The Bureau's technical reports are archived by the Technical Report Archive & Image Library. [7]