“Proration period” means:
- The proration period for any well, other than an unallocated gas well, shall be one calendar month which shall begin at 7 a.m. on the first day of such month and end at 7 a.m. on the first day of the next succeeding month unless otherwise specified by order of the Commission.
- The proration period for any unallocated gas well shall be one calendar year which shall begin at 7:00 a.m. the first day of such year and end at 7:00 a.m. on the first day of the next succeeding year unless otherwise specified by order of the Commission.
Source: Corporation Commission, Oil and Gas Conservation, Oklahoma Administrative Code 165:10, February 2013. Regulations
“Proration period” means for oil the proration month and for gas the 12-month period that begins at 7:00 a.m. on January 1 of each year and ends at 7:00 a.m. on January 1 of the succeeding year or other period designated by general or special order of the division.
Source: Oil and Gas, New Mexico Administrative Code Title 19, Chapter 15, January 2013. Regulations