is offering 100 % * working interest* in the prospect

German translation: Working Interest

GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW)
English term or phrase:is offering 100 % * working interest* in the prospect
German translation:Working Interest
Entered by: Dr.G.MD (X)

15:20 Jun 24, 2004
English to German translations [PRO]
Bus/Financial - Petroleum Eng/Sci
English term or phrase: is offering 100 % * working interest* in the prospect
Aus einem Vertragsentwurf der Ölindustrie
Dr.G.MD (X)
Local time: 06:52
Working Interest
Explanation:
Wird scheinbar nicht übersetzt, da selbst die Glossare sich auf eine Beschreibung beschränken.

Glossar:
Working Interest
Anteil am Öl- und Gasbetrieb auf einem Pachtgrundstück.
http://www.eugs.de/glossary/jtw-eugs-gloss-w-inh.htm

Royalty Interest Gebühr für den Landbesitzer, muss sich nicht an Erschließungs-, Entwicklungs- oder Produktionskosten beteiligen. Working Interest Gebühr, die für die Bohr- und Produktionserlaubnis fällig ist.
http://globalnetenergy.gnm-consulting.de/definitionen-olfeld...

Mehr Info zu WI:

What is the difference between a working interest and a carried interest?

In general, when an exploration and development (“E&P”) company is in a “carried interest” position with other “working interest” E&P’s in a particular gas field (as was Canada Southern’s situation at Kotaneelee), the working interest E&P’s can and do make investment and operating decisions without consulting the carried interest company. Capital investments in seismic, drilling and field facilities that are made by the working interest companies are usually (but not always) shared pro rata among all the partners in the field: working interests and carried interests.

The carried interest partner does not make capital investments in cash at the same time as the working interest partners. Instead, the working interest partners make the entire capital investment themselves, thus “carrying” the carried interest partner. The working interest partners then subsequently recover the carried interest partner’s share of capital investment by withholding the carried interest’s share of field revenues until they have recovered the carried interest’s pro rata share of the capital investment. The carried interest does not receive cash flow from the field until its pro rata share of the capital investment has been recovered by the working interest partners. When that point (known in the industry as “payout”) has been reached, the carried interest begins receiving its pro rata share of field cash flow.
http://www.cansopet.com/FAQ.htm#carried/working


Working Interest

An operating interest in oil and gas in place that is burdened with the responsibility and cost of developing and operating the property.
http://www.hrblock.com/taxes/fast_facts/glossary/glossary_de...


Der Vertrag zwischen den Besitzern des Beaver River Gaspools und Questerre
erlaubt Questerre die Rückführung des investierten Kapitals plus Bonus, bevor
die jetzigen Anteilseigner von einer augenblicklichen Royalty-Position
(Förderzins) in ein Working Interest Anteil wechseln. In den letzten 9 Monaten
sind mehrere Royalty Zahlungen durch Questerre an die Anteilseigner erfolgt.
Die an EuroGas Inc. zu zahlenden Royalty Zahlungen erhält Beaver River
Resources Ltd., an der EuroGas Inc. mit 50% beteiligt ist.
http://www.eugs.de/medienmitteilungen/nl-htm-files/nl-2001/j...

Der Pachtvertrag schliesst den Zugang zu allen Gaslagerbereichen mit
Ausnahme der Jefferson/Cromwell Bereiche auf rund 1036 bis 1066 Metern Tiefe ein und liefert 78.5%
Net Revenue Interest und 100% Working Interest.
http://www.lexingtonresources.com/german/pdf/LXRS-pr-4-22-20...
Selected response from:

heikeb
Ireland
Local time: 05:52
Grading comment
Thank you very much
4 KudoZ points were awarded for this answer



Summary of answers provided
3 +2Working Interest
heikeb


Discussion entries: 2





  

Answers


2 hrs   confidence: Answerer confidence 3/5Answerer confidence 3/5 peer agreement (net): +2
Working Interest


Explanation:
Wird scheinbar nicht übersetzt, da selbst die Glossare sich auf eine Beschreibung beschränken.

Glossar:
Working Interest
Anteil am Öl- und Gasbetrieb auf einem Pachtgrundstück.
http://www.eugs.de/glossary/jtw-eugs-gloss-w-inh.htm

Royalty Interest Gebühr für den Landbesitzer, muss sich nicht an Erschließungs-, Entwicklungs- oder Produktionskosten beteiligen. Working Interest Gebühr, die für die Bohr- und Produktionserlaubnis fällig ist.
http://globalnetenergy.gnm-consulting.de/definitionen-olfeld...

Mehr Info zu WI:

What is the difference between a working interest and a carried interest?

In general, when an exploration and development (“E&P”) company is in a “carried interest” position with other “working interest” E&P’s in a particular gas field (as was Canada Southern’s situation at Kotaneelee), the working interest E&P’s can and do make investment and operating decisions without consulting the carried interest company. Capital investments in seismic, drilling and field facilities that are made by the working interest companies are usually (but not always) shared pro rata among all the partners in the field: working interests and carried interests.

The carried interest partner does not make capital investments in cash at the same time as the working interest partners. Instead, the working interest partners make the entire capital investment themselves, thus “carrying” the carried interest partner. The working interest partners then subsequently recover the carried interest partner’s share of capital investment by withholding the carried interest’s share of field revenues until they have recovered the carried interest’s pro rata share of the capital investment. The carried interest does not receive cash flow from the field until its pro rata share of the capital investment has been recovered by the working interest partners. When that point (known in the industry as “payout”) has been reached, the carried interest begins receiving its pro rata share of field cash flow.
http://www.cansopet.com/FAQ.htm#carried/working


Working Interest

An operating interest in oil and gas in place that is burdened with the responsibility and cost of developing and operating the property.
http://www.hrblock.com/taxes/fast_facts/glossary/glossary_de...


Der Vertrag zwischen den Besitzern des Beaver River Gaspools und Questerre
erlaubt Questerre die Rückführung des investierten Kapitals plus Bonus, bevor
die jetzigen Anteilseigner von einer augenblicklichen Royalty-Position
(Förderzins) in ein Working Interest Anteil wechseln. In den letzten 9 Monaten
sind mehrere Royalty Zahlungen durch Questerre an die Anteilseigner erfolgt.
Die an EuroGas Inc. zu zahlenden Royalty Zahlungen erhält Beaver River
Resources Ltd., an der EuroGas Inc. mit 50% beteiligt ist.
http://www.eugs.de/medienmitteilungen/nl-htm-files/nl-2001/j...

Der Pachtvertrag schliesst den Zugang zu allen Gaslagerbereichen mit
Ausnahme der Jefferson/Cromwell Bereiche auf rund 1036 bis 1066 Metern Tiefe ein und liefert 78.5%
Net Revenue Interest und 100% Working Interest.
http://www.lexingtonresources.com/german/pdf/LXRS-pr-4-22-20...

heikeb
Ireland
Local time: 05:52
Native speaker of: Native in GermanGerman
PRO pts in category: 8
Grading comment
Thank you very much

Peer comments on this answer (and responses from the answerer)
agree  Brandis (X)
1 day 16 hrs

agree  Kathi Stock
104 days
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