N.M. Admin. Code § 19.15.20.7

Current through Register Vol. 35, No. 23, December 10, 2024

Section 19.15.20.7 - DEFINITIONS

A. "Date of completion" means the date when new oil is delivered into the stock tanks.

B. "Marginal unit" means a proration unit that is incapable of producing the top proration unit allowable for the pool in which it is located as evidenced by well tests, production history or other report or form the operator files with the division.

C. "Non-marginal unit" means a proration unit that is incapable of producing top proration unit allowable for the pool in which it is located and to which the division has assigned a top proration unit allowable.

D. "Recovered load oil" means oil or liquid hydrocarbon that has been used in an operation in an oil or gas well, and that has been recovered as a merchantable product.

N.M. Admin. Code § 19.15.20.7

19.15.20.7 NMAC - Rp, 19.15.7.7 NMAC, Subsection D of 19.15.7.503 NMAC and Subsection B of 19.15.7.508 NMAC, 12/1/08