05.07.2009

Term used to define when a party farms into a project as per the terms defined in an agreement, and normally entails the farm-in party paying his pro-rata past costs as well as his future expenses. Alternatively, under a ground floor arrangement the farm-in party may only have to pay his pro-rata future expenses and all past costs will be borne solely by the farmor

Gina Cohen
Natural Gas Expert
Phone:
972-54-4203480
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