SECTION 165:10-13-8. Transfer of allowables

Latest version.

  Subject to the procedural requirement of 165:5-7-12, the Commission may issue an order transferring, after proper adjustment, all or part of an allowable from a well with a high gas-oil ratio or high water-oil ratio to a well having a lower gas-oil ratio or water-oil ratio, if:
(1)   The wells produce from the same common source of supply.
(2)   The wells are located on the same lease or in the same drilling and spacing unit.

                    
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