Author: bomuo

The percentage of participating interest in a license that is assigned and transferred from the farmor to the farmee in a farmout agreement

When a license holder gives up/sales and another entity acquires/buys an interest in a block by taking over all or part of the financial commitment for drilling an exploration well

The party disposing of the interest in a farm-in / farm-out agreement is the farmor

The party acquiring the interest in a farm-in / farm-out agreement is the farmee. Companies that wish to farm-in (buy-in) to another companies permit / license

An accumulation of debris deposited by a stream descending through a steep ravine and debouching in the plain beneath, where the detrital material spreads out in the shape of a fan, forming a section of a very low cone