California § 3316.11. 3316.11. (Added by Stats. 1958, 1st Ex. Sess., Ch. 73.)

California Statutes

§ 3316.11. — 3316.11. (Added by Stats. 1958, 1st Ex. Sess., Ch. 73.)

California·Code PRC Public Resources Code - PRC·Div. 3. DIVISION 3. OIL AND GAS·Ch. 1. CHAPTER 1. Oil and Gas Conservation·Art. 5.5. ARTICLE 5.5. Subsidence

“Working interest” means an interest held in lands by virtue of fee title, including lands held in trust, a lease, operating agreement or otherwise, under which the owner of such interest has the right to drill for, develop and produce oil and gas. A working interest shall be deemed vested in the owner thereof even though his right to drill or produce may be delegated to an operator under a drilling and operating agreement, unit agreement, or other type of operating agreement.

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“Working interest” means an interest held in lands by virtue of fee title, including lands held in trust, a lease, operating agreement or otherwise, under which the owner of such interest has the right to drill for, develop and produce oil and gas. A working interest shall be deemed vested in the owner thereof even though his right to drill or produce may be delegated to an operator under a drilling and operating agreement, unit agreement, or other type of operating agreement.

California § 3316.11. (3316.11. (Added by Stats. 1958, 1st Ex. Sess., Ch. 73.)) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.