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Definition Of:

Ratable take

Petroleum Industry DictionaryPetroleum Industry Dictionary
(1) production of oil and/or gas in such quantities that each landowner whose property overlies a producing formation will be able to recover an equitable share of the oil and/or gas originally in place beneath his land. (2) production in accordance with allowables set by a state regulatory commission. (3) in some states, common carriers (q.v.) And common purchasers of gas and oil are prohibited from discriminating in favor of one supplier over another.

 

Petroleum Industry Dictionary INDEX:

List of Terms: Terms beginning with "A", Page 1

A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20

A: Page 1 of 20.

A
A-FRAME
A-h
A-mast
AAODC
AAPG
Abandon
ABANDONED OIL
Abandoned Well

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