### Question
How does GENERAL PROVISIONS define farmout agreement?


### Answer
Under *11 U.S.C. § 101*, **farmout agreement** is defined as:

> a written agreement in which—


(A) the owner of a right to drill, produce, or operate liquid or gaseous hydrocarbons on property agrees or has agreed to transfer or assign all or a part of such right to another entity

#### Citation:
  - *11 U.S.C. § 101*
  - Heading: **CHAPTER 1-GENERAL PROVISIONS**

