Lease Allowable

Oil & Gas Drilling Glossary - IADCLexicon.org

Glossary

Browse the IADC Lexicon alphabetically or by category. Get comprehensive definitions of drilling industry terms.

FAQ

Need help using the IADC Lexicon? The FAQ section will answer most of your questions, and you can also submit questions directly.

Contribute

Become a Lexicon Contributor. Simply fill out the form, then submit new terms for approval and/or edit existing terms.

Definition(s)

Lease Allowable

“Lease allowable” means the total of the allowables of the individual wells on the lease.

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

Comments are closed.