Net profits interest

Net profits interest

A share of net proceeds from production paid solely from the working interest owner鈥檚 share. It is sometimes granted in lieu of a royalty interest.

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Part of Speech: noun
Synonym(s):
Blossary:
Industry/Domain: Oil & gas
Category: Oilfield
Company: Schlumberger
Product:
Acronym-Abbreviation:

Collect to Blossary

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Related terms

net profits interest

Oil & gas; Oilfield

A share of net proceeds from production paid solely from the working interest owner鈥檚 share. It is sometimes granted in lieu of a royalty interest.

net profits interest

Energy; Coal; Natural gas; Petrol

A contractual arrangement under which the beneficiary, in exchange for consideration paid, receives a stated percentage of the net profits. That type of arrangement is considered ...

net profits interest

Oil & gas; Oilfield

A share of the production as calculated from the net profits of the operation.

rental payment

Oil & gas; Oilfield

An annual payment made by an oil company to a State in order to retain rights in a particular concession.

sampling

Oil & gas; Oilfield

The process of obtaining a small quantity of material which is as representative as possible of the total volume.

possible reserves

Oil & gas; Oilfield

Undeveloped oil and/or gas reserves which best engineering judgement indicates might eventually be recoverable from undrilled or untested structures.

pinch-out trap

Oil & gas; Oilfield

A trap where a bed or reservoir rock gets progressively thinner as it nears an impervious area and eventually disappears.

geosyncline

Oil & gas; Oilfield

A large sedimentary basin in which extremely deep layers of sediments have accumulated over a long period of time.

gravimetric survey

Oil & gas; Oilfield

A geological survey method in which measurements of the variations in the surface gravitational field are used to determine the nature of the underlying rocks.