OPERATING AGREEMENT
operating agreement.Oil & gas. A contract among owners of the working interest in a producing oil or gas well setting forth the parties’ agreements about drilling, development, operations, and accounting.
[Blacks Law 8th]
operating agreement.Oil & gas. A contract among owners of the working interest in a producing oil or gas well setting forth the parties’ agreements about drilling, development, operations, and accounting.
[Blacks Law 8th]