Average daily production definition
Average daily production of a well means the qualified maximum total production of oil from the well during a calendar month period divided by the number of calendar days in that period, and "qualified maximum total production" of a well means that the well must have been maintained at the maximum efficient rate of production as defined and determined by rule adopted by the industrial commission in furtherance of its authority under chapter 38-08.
Average daily production of a well means the qualified maximum total production of
Average daily production means air dried tons of unbleached pulp produced in a month, divided by the number of days of production in that month.
Examples of Average daily production in a sentence
Average daily production from our Oklahoma properties during 2012 totaled 45 MMcfe per day, a 28% increase from 2011 average daily production.
Average daily production was 111.9 million m3/day and the volume of imported natural gas was 29.0 million m3/day.
More Definitions of Average daily production
Average daily production means, for any crude oil or natural gas property assigned a single production number by the department, the number derived by dividing the total volume of crude oil or natural gas production from the property reported to the division during a calendar year by the sum of the number of days each eligible well within the property produced or injected during that calendar year;
Average daily production means the average amount of oil produced daily from a well, as determined by Section 475.115.
Average daily production means the Company’s average daily production during the month of December prior to the applicable fiscal year, measured in barrels of oil equivalent (BOE) per day, adjusted to include deemed production from any producing well that is unable to produce due to events beyond the reasonable control of the Company (in an amount equal to its most recent fully productive day).
Average daily production means the yearly average production from a well or facility on a producing day basis. has the same meaning as in Subsection A of 19.15.6.7 NMAC.
Average daily production means stabilized production divided by three hundred sixty-five, provided the
Average daily production of a well means the qualified maximum total production of oil from the well during a calendar month period divided by the number of calendar days in that period; and "qualified maximum total production" of a
Average daily production as provided in the definition of Material Production Event Period.