NAC522.075. “Developed area,” “developed unit” defined.  


Latest version.
  •      1. “Developed area” or “developed unit” means an area or unit having a completed well which is capable of producing oil or gas in profitable quantities.

         2. If the division finds that any part of a unit is nonproductive, the developed area of the unit includes only that part which is productive.

     [Div. of Mineral Res., § 119, eff. 12-20-79]—(NAC A by Dep’t of Minerals, 7-22-87)