Farm Out

What is Farm Out?


1.

What Preps said to make fun of the term "Far Out". This also corrisponded with "Right Arm"

"farm out, you dope smoking hippies"

See farm, out, hippie, prep, far out

2.

A contractual agreement with an owner who holds a working interest in an oil and gas lease to assign all or part of that interest to another party in exchange for fulfilling contractually specified conditions. The farmout agreement often stipulates that the other party must drill a well to a certain depth, at a specified location, within a certain time frame; furthermore, the well typically must be completed as a commercial producer to earn an assignment. The assignor of the interest usually reserves a specified overriding royalty interest, with the option to convert the overriding royalty interest to a specified working interest upon payout of drilling and production expenses, otherwise known as a back-in after payout (BIAPO).

There's nothing more satisfying for middle management than being the decision maker on a farm out.

See mobbing, back-in

3.

Giving your dog up to a farm because he can't function in an urban environment.

" I love the little bastard with all my heart, but I had to farm out little Boo. He couldn't take being cooped in that apartment all the time. Christ, I miss him."

See dog, adoption, farm, pup, boo


0

Random Words:

1. New Jerseys soil is clay bound. This state has the most wet basements in the USA. A wet basement in NJ must be repaired. New Jersey wet..
1. the most fucking gay "e-gang" that has happened. oderint dem metuant my ass. wee > w4r someone: man did you hear wee is be..
1. Creeper. Mainly the kind who find the information (ie: skype, cell, aim) of 15 year old girls through sketchy means. Babuilgabl: are yo..
Book Banner