Operating Agreement Law and Legal Definition
In terms of Oil & Gas law, an operating agreement is a contract among owners of the working interest. An operating agreement states the working interest in an oil or gas producing well setting forth the parties' agreements about drilling, development, operations, and accounting.
Legal Definition list
- Operating A Vessel
- Operating a Vehicle Under Influence (OVI)
- Operate Aircrafts
- Operably Arranged
- Opening the Door
- Operating Agreement
- Operating Cash Flow
- Operating Characteristic Curve
- Operating Contractor [Energy]
- Operating Costs for Traffic Monitoring, Management, and Control
- Operating Differential Subsidy
