§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? 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; |
(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. |
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