Marginal well definition

Marginal well. ’ means a well that—
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Marginal well means in the calendar year immediately preceding the July 1 assessment date a well with an average daily production of 2 barrels of oil or less and an average daily production of 10 MCF or less of natural gas.
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Marginal well means an oil well that produces 10 barrels of oil or less per day on average during a month.
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Examples of Marginal well in a sentence

  • Marginal well production accounts for roughly 15 percent of total U.S. oil production, but only independent producers are eligible for the depletion allowance; integrated oil companies are not.

  • Marginal well production accountsfor roughly 15 percent of total U.S. oil production, but only independent producers are eligible for the depletion allowance; integrated oil companies are not.

  • Marginal well" means in the calendar year immediately preceding the July 1 assessment date a well with an average daily production of 2 barrels of oil or less and an average daily production of 10 MCF or less of natural gas.


More Definitions of Marginal well

Marginal well means any Eligible Domestic Well having a net present value, in the Reserve Report of less than or equal to $25,000.
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Marginal well means, in the calendar year immediately preceding the July 1
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Marginal well means any well having a net present value, on the Reserve Report, of less than or equal to $25,000.
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Related to Marginal well

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