Definitions

Sorry, no definitions found. Check out and contribute to the discussion of this word!

Etymologies

Sorry, no etymologies found.

Examples

    Sorry, no example sentences found.

Comments

Log in or sign up to get involved in the conversation. It's quick and easy.

  • 1. n. oil and gas business

    A contractual agreement with an owner (farmor: the party that originally owns the leasehold interest and assigns the farmout) who holds a working interest in an oil and gas lease to assign all or part of that interest to another party in exchange for fulfilling contractually specified conditions. The farmout agreement often stipulates that the other party must drill a well to a certain depth, at a specified location, within a certain time frame; furthermore, the well typically must be completed as a commercial producer to earn an assignment.

    June 28, 2015