(n.) Oil and Gas Business. The right that nonselling participating parties have in a lease, well or unit to proportionately acquire the interest that a participating party proposes to sell to a third party. See: Right Of First Refusal
Schlumberger Ltd. (The World's Leading Supplier Of Technology, Integrated Project Management And Information Solutions to Customers Working in The Oil and Gas Industry Worldwide), Schlumberger Oilfield Glossary Cedex, France 2014. http://www.glossary.oilfield.slb.com/en/Terms/sym/ a.aspx, (Ergo - Brit) {766}