nonoperating working interest
Nonoperating working interest describes one that owns an interest in a gas or oil well or other mineral extraction enterprise but that does not participate in or have any responsibility for actual operation of the well or mine.
nonoperating working interest
Nonoperating working interest describes one that owns an interest in a gas or oil well or other mineral extraction enterprise but that does not participate in or have any responsibility for actual operation of the well or mine.
Additional Information
An owner with a nonoperating working interest is usually made an insured under the insurance coverages written on the operation.
