Area Of Mutual Interest - AMI

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Dictionary Says

Definition of 'Area Of Mutual Interest - AMI'

A geographic location in which more than one oil and/or natural gas company has a stake. The area of mutual interest (AMI) is defined by a contract that describes the geographic area contained in the AMI, the rights each party has in the AMI (such as the a percentage of the interest allocated to each company), the length of time during which the contract will be in effect, and how the contract provisions are to be implemented.
Investopedia Says

Investopedia explains 'Area Of Mutual Interest - AMI'

The AMI agreement may also define how the parties to the agreement are allowed to explore for or extract oil and natural gas in the subject lands. If any party to an AMI contract wants to pursue a venture in the specified lands, it must do so in conjunction with or with the permission of the other parties to the contract.

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'Area Of Mutual Interest (AMI)'

  • Triangle Petroleum Builds Up In Williston Basin

    http://stocks.investopedia.com/stock-analysis/2010/Triangle-Petroleum-Builds-Up-In-Williston-Basin-TPLM-KOG-APA-SWN1118.aspx
    ... Triangle Petroleum Corporation is involved with Slawson Exploration Company, a private
    oil and gas company, in an area of mutual interest (AMI) in the ...

  • Cabot Oil And Gas Third-Quarter Review

    http://stocks.investopedia.com/stock-analysis/2010/Cabot-Oil-And-Gas-Third-Quarter-Review-COG1028.aspx
    ... The company has 52,000 net acres under lease, and also has 18,000 net acres in
    an area of mutual interest (AMI) with EOG Resources (NYSE:EOG). ...

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