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Unit Of Proration For Oil

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  4. Unit Of Proration For Oil

Definition(s)

Unit Of Proration For Oil

“Unit of proration for oil” consists of one 40-acre tract or such multiples of 40-acre tracts as may be prescribed by division-issued special pool orders.

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

Regulations, UArafat Hoque

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