§ 203.34. To which production may an RSV earned by qualified phase 2 and phase 3 ultra-deep wells on my lease not be applied?
128 words·~1 min read·
/us/cfr/t30/s§ 203.34·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
You may not apply an RSV earned under § 203.31:
(a)To production from completions less than 15,000 feet TVD SS, except in cases where the qualified well is re-perforated in the same reservoir previously perforated deeper than 15,000 feet TVD SS;
(b)To production from a deep well or ultra-deep well on any other lease, except as provided in paragraph
(c)of § 203.33;
(c)To any liquid hydrocarbon (oil and condensate) volumes; or
(d)To production from a deep well or ultra-deep well that commenced drilling before:
(1)March 26, 2003, on a lease that is located entirely or partly in water less than 200 meters deep; or
(2)May 18, 2007, on a lease that is located entirely in water more than 200 meters deep.