An interest in an oil or gas lease that is granted by the lease holder to a third party.

Farm out is an assignment or partial assignment of an oil and gas lease from one lessee to another lessee. In the assignment the first party retains an overriding royalty or other type of economic int [..]

An interest in an oil or gas lease which is granted to a third party by the lease holder.

The assignment of part or all of an oil, natural gas or mineral interest to a third party. FERC

The land owner gives a percentage of his land or a portion of his working interest in a well in order to allow an outside party to drill or explore on his property. This generally reduces risk as capi [..]

The process whereby a company reduces or disposes of its interest in a block or field. The company farming out grants a working interest in the field or block to another in return for cash and/or a ca [..]

where a company relinquishes part of its interest in an exploration or production licence to another company in return for part-payment of its costs.

The process whereby a company reduces or disposes of its interest in a block or field. The company farming out grants a working interest in the field or block to another in return for cash and/or a carry through an exploration programme.