Well Workover Incentive Tax Rate

Oil & Gas Drilling Glossary - IADCLexicon.org

Glossary

Browse the IADC Lexicon alphabetically or by category. Get comprehensive definitions of drilling industry terms.

FAQ

Need help using the IADC Lexicon? The FAQ section will answer most of your questions, and you can also submit questions directly.

Contribute

Become a Lexicon Contributor. Simply fill out the form, then submit new terms for approval and/or edit existing terms.

Definition(s)

Well Workover Incentive Tax Rate

“Well workover incentive tax rate” means the tax rate NMSA 1978, Section 7-29-4 imposes on gas or oil produced from a well workover project.

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

Comments are closed.