Definition(s)


Market Demand Percentage Factor

“Market demand percentage factor” means that percentage factor of 100 percent or less as the division determines at an oil allowable hearing, which, when multiplied by the depth bracket allowable applicable to each pool, determines that pool’s top proration unit allowable.

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

 

Comments are closed.