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.
Marginal well. ’ means a well that—
Examples of Marginal well in a sentence
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.
Marginal well means, in the calendar year immediately preceding the July 1
Marginal well means any well having a net present value, on the Reserve Report, of less than or equal to $25,000.