Islin Munisteri I got a question about the technical definition of a producer.
Throughout my energy career, I have understood "producer" = "operator" = if your drilling the states you are required to have an operator's license issue by some type of government entity. Honestly until about a year ago, I never questioned that.
So a couple times I have run across large landowners who refer to themselves when talking to industry professionals as "producers". I suspect these landowners may have some working interests in their leases. I know they are not the "operators" [could not find a license]. I have noticed they never use the term operator either. Obviously they are "non-op" as they refer to names of oil companies who have leased them and are drilling on their property. So technically, does that meet the definition of a producer? Is there like some official oil and gas definition for this term? Has anyone else run into to this?
I am just curious.