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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]
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:
Mineral processing is the process of separating commercially valuable minerals from their ores in the field of extractive metallurgy. [1] Depending on the processes used in each instance, it is often referred to as ore dressing or ore milling .
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.
A business process, business method, or business function is a collection of related, structured activities or tasks performed by people or equipment in which a specific sequence produces a service or product (that serves a particular business goal) for a particular customer or customers. Business processes occur at all organizational levels ...
A “business process culture” is a culture that is cross-functional, customer oriented along with process and system thinking. This can be expanded by Davenport’s definition of process orientation as consisting of elements of structure, focus, measurement, ownership and customers (Davenport 1993).
A royalty payment is a payment made by one party to another that owns a particular asset, for the right to ongoing use of that asset. Royalties are typically agreed upon as a percentage of gross or net revenues derived from the use of an asset or a fixed price per unit sold of an item of such, but there are also other modes and metrics of compensation.
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 ...