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TeachMeFinance.com - explain Working interest Working interest The term 'Working interest' as it applies to the area of energy can be defined as ' An interest in a mineral property that entitles the owner of that interest to all of share of the mineral production from the property, usually subject to a royalty. A working interest permits the owner to explore, develop, and operatethe property. The working-interest owner bears the costs of exploration, development, and operation of the property and, in return, is entitled to a share of the mineral production from the property or to a share of the proceeds therefrom. It may be assigned to another party in whole or in part, or it may be divided into other special property interests'. Previous 5 Terms: Work-training programs, food stamp Workers Compensation Workforce Workgroup For Electronic Data Interchange Working (top storage) gas Next 5 Terms: Working storage capacity World Agricultural Outlook Board (WAOB) World Bank World Food Program (WFP) World Health Organization About the author Mark McCracken Author: Mark McCracken is a corporate trainer and author living in Higashi Osaka, Japan. He is the author of thousands of online articles as well as the Business English textbook, "25 Business Skills in English". Copyright © 2005-2011 by Mark McCracken, All Rights Reserved. TeachMeFinance.com is an informational website, and should not be used as a substitute for professional medical, legal or financial advice. Information presented at TeachMeFinance.com is provided on an "AS-IS" basis. Please read the disclaimer for details.