Farmout 2 : a term used to describe when a company sells a portion of the acreage in a block to another company, usually in return for consideration and for the buying company taking on a portion of the selling company's work commitments
Hurricane Energy plc., Talking About Hurricane: Glossary of Terms and Abbreviations Used in Geology and in The Oil Business, Surrey, UK 2014. http://www.hurricaneenergy.com/Communications/Glos sary/, (Oil - Brit) {778}