Date Of Completion

“Date of completion” means:

  1. For an oil well, the date that the well first produces oil into the lease tanks through permanent wellhead equipment.
  2. For a gas well, the date of completion of a gas well is the date that gas is capable of being delivered to a pipeline purchaser.
  3. For a well, which does not produce either oil or gas, is the date on which attempts to obtain production from the well cease.

Source: Corporation Commission, Oil and Gas Conservation, Oklahoma Administrative Code 165:10, February 2013. Regulations

Date Of Completion

“Date of completion” means the date when new oil is delivered into the stock tanks.

Source: Oil and Gas, New Mexico Administrative Code Title 19, Chapter 15, January 2013. Regulations



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