Practical Law Glossary Item w-027-4730 (Approx. 2 pages)
Glossary
Working Interest (US)
An ownership interest in an oil & gas lease giving the working interest owner the authority to explore for, drill, and produce oil and gas from the leased property. The working interest owner benefits from the resulting production subject to payment of royalties and associated costs of exploring, drilling, leasing, and producing oil and gas.