What is another word for carried working interest?
Pronunciation: [kˈaɹɪd wˈɜːkɪŋ ˈɪntɹəst] (IPA)
"Carried working interest" refers to a situation where one party bears all the financial costs associated with exploration and production of oil and gas resources, while the other party contributes non-financial resources such as land, mineral rights, and expertise. Some synonyms for "carried working interest" include "carried interest," "operating interest," and "working interest." These terms are widely used in the oil and gas industry to describe the different forms of partnerships between companies. Other related terms that are often used in this context include "net revenue interest," which refers to the percentage of revenue generated by oil and gas production that belongs to a particular party, and "royalty interest," which refers to the right to receive a portion of the revenue from the sale of oil and gas.