Top Proration Unit Allowable For Oil
“Top proration unit allowable for oil” means the maximum number of barrels for oil daily for each calendar month the division allocates on a proration unit basis in a pool to non-marginal units. The division shall determine the top proration unit allowable for a pool by multiplying the applicable depth bracket allowable by the market demand percentage factor in effect.
Source: Oil and Gas, New Mexico Administrative Code Title 19, Chapter 15, January 2013. Regulations