Proration Unit definition

Proration Unit. As to Prospect Xxxxx, shall mean X.X. Xxxx South forty acres only (40) acres surrounding each well, the X.X. Xxxx (South 40) acres to be as nearly in the form of a square as is practical; however, the shape is to be determined by Survey Map, and Operator in its sole discretion, giving due regard to Participant’s interest in the Prospect Well and the owners of the remainder of the leased lands on which the Proration Unit is located. In any event, the Proration Unit shall be of a configuration so as to be in compliance with all spacing rules and orders established for the field in which the Xxxxx are located.

Proration Unit means the area in a pool that can be effectively and efficiently drained by one well as determined by the division or commission (see Subsection B of Section 70-2-17 NMSA 1978) as well as the area assigned to an individual well for the purposes of allocating allowable production pursuant to a prorationing order for the pool.

Proration Unit means and refer to the lands allocated to a well by Operator for a regular location under the laws of the State of Michigan. For vertical xxxxx drilled to test the Shale Formation not less than 40 acres of land shall be allocated to such xxxxx. The location and boundaries of the proration units are in the sole and absolute discretion of Operator. Operator may delegate such discretion to the Operator. The Proration Unit for a particular well may comprise all or part of a pooled unit created under the pooling authority of the applicable leases, which pools and combines the particular leases and lands for production from the particular well.

Examples of Proration Unit in a sentence

• The institution of workshops entitled ‘Facilitated peer support for graduate students and supervisors in 2019/20: and a peer-support group for PhD students ‘Grad Chat’;• Recognition of foreign qualifications for admissions in respect of Vietnam;• Report of the Irish Survey of Student Engagement Postgraduate Research Survey Pilot 2017/18;• Graduate Outcomes Survey Report;• Proposals for the electronic submission of theses and amendments to the process for the examination of research theses.

• Operator shall deliver Participant an Assignment including each of the Leases as to the lands comprising the Proration Unit surrounding each of the Prospect Wxxxx drilled and completed in which Participant is entitled to an Assignment.

• Operators in this field are exempt from the requirements of Rule 86(f)(4) entitled Proration Unit Plat; however operators must, for each horizontal drainhole, file a plat showing the as-drilled path, penetration point, terminus and, if applicable, perforations or external casing packer, for that horizontal drainhole and, for wells treated as stacked laterals, operators must file the plats required by paragraph number 6 of Rule 5.

• Schill 214 McKenzie StreetSanta Fe, New Mexico 87501 Telephone: 970.385.4401Facsimile: 970.385.4901 darin@abadieschill.com bill@abadieschill.com andrew@abadieschill.com Attorneys for Devon Energy Company, L.P.Application of Devon Energy Production Company, L.P., for a Horizontal Spacing and Proration Unit and Compulsory Pooling, Eddy County, New Mexico.

• Schill 214 McKenzie StreetSanta Fe, New Mexico 87501 Telephone: 970.385.4401Facsimile: 970.385.4901 darin@abadieschill.com bill@abadieschill.com andrew@abadieschill.com Attorneys for Cimarex Energy Co.Application of Cimarex Energy Co. for a Horizontal Spacing and Proration Unit and Compulsory Pooling, Eddy County, New Mexico.

More Definitions of Proration Unit

Proration Unit means the area in a pool that can be effectively and efficiently drained by one well as determined by the division or commission (see [NMSA 1978, Section 70-2-17(B)] Subsection B of Section 70-2-17 NMSA 1978) as well as the area assigned to an individual well for the purposes of allocating allowable production pursuant to a prorationing order for the pool. [A proration unit shall be the same size and shape as a spacing unit. All proration units are spacing units but not all spacing units are proration units.]

Proration Unit means the area in a pool that can be effectively and efficiently drained by one well as determined by the division or commission (see Subsection B of Section 70-2-17 NMSA 1978) as well as the area assigned to an individual well for the purposes of allocating allowable production pursuant to a prorationing order for the pool. [A proratkm unit shall-be-the-same size and shape os a spacing unib-AU-preration units are spacing-units but not all spacing units arc preration-unife]

Proration Unit means all lands and acreage dedicated, assigned, or allocated to the proration, spacing or production unit established for a Well, in accordance with the rules and regulations of the applicable conservation authority, in order to obtain the maximum production allowable from such well. To the extent that the Owner’s ownership interests in any of the lands or Proration Units are subject to depth limitations, all Xxxxx situated on such lands or Proration Units are currently producing from those depths to which the Owner’s ownership interests are limited. Exhibit A contains a legal description for each Well listed on Table II.

Proration Unit as used herein means the smallest acreage proration unit allowable for a producing well under the proration rules and regulations of the Railroad Commission of Texas for the well situated thereon to obtain the maximum allowable production which such well is consistently able to produce. The proration unit shall be in the form of a square if it contains forty

Proration Unit means the well’s actual proration unit as assigned by

Proration Unit means the area in a pool that can be effectively and efficiently drained by one well as determined by the division or commission (see Subsection B of Section 70-2-17 NMSA 1978) as well as the

Proration Unit for a particular well may comprise all or part of a pooled unit created under the pooling authority of the applicable leases, which pools and combines the particular leases and lands for production from the particular well.