Definition(s)


Standard Project Area

“Standard project area” means a project area that;
1. is described in Paragraph (2) of Subsection L of 19.15.16.7 NMAC;
2. consists of a single spacing unit;
3. consists of two or more spacing units within a single section that collectively comprise:
(a) the entire section, a half-section or half-section equivalent, or a quarter section or quarter-section equivalent; or
(b) the north, south, east or west half of a half-section or half-section equivalent or of a quarter section or quarter-section equivalent; or
4. consists of a combination of two or more otherwise standard project areas, if the resulting area is substantially in the form of a rectangle; provided that a project area consisting of three 40-acre units within a single section and excluding the fourth spacing unit is not a standard project area.

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

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