Interest

Interest means ownership in a lease or prospective lease of all or a portion of the record title, working interest, operating rights, overriding royalty, payments out of production, carried interests, net profit share or similar instrument for participation in the benefit derived from a lease. Aninterestmay be created by direct or indirect ownership, including options.Interestdoes not mean stock ownership, stockholding or stock control in an application, offer, competitive bid or lease, except for purposes of acreage limitations in 3101.2 of this titleand qualifications of lessees in subpart 3102 of this title.

Source

43 CFR § 3000.0-5


Scoping language

None
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