Net revenue interest

Net revenue interest

A share of production after all burdens, such as royalty and overriding royalty, have been deducted from the working interest. It is the percentage of production that each party actually receives.

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

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Related terms

net revenue interest

Oil & gas; Oilfield

A share of production after all burdens, such as royalty and overriding royalty, have been deducted from the working interest. It is the percentage of production that each party ...

net revenue interest

Oil & gas; Oilfield

That part of the proceeds less royalty payments.

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.