§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?
30 C.F.R. § 203.34
You may not apply an RSV earned under § 203.31:
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;
To production from a deep well or ultra-deep well on any other lease, except as provided in paragraph (c) of § 203.33;
To any liquid hydrocarbon (oil and condensate) volumes; or
To production from a deep well or ultra-deep well that commenced drilling before—
March 26, 2003, on a lease that is located entirely or partly in water less than 200 meters deep; or
May 18, 2007, on a lease that is located entirely in water more than 200 meters deep.
Notes, amendments, and revision history
Authority
Authority: 25 U.S.C. 396 et seq.; 25 U.S.C. 396a et seq.; 25 U.S.C. 2101 et seq.; 30 U.S.C. 181 et seq.; 30 U.S.C. 351 et seq.; 30 U.S.C. 1001 et seq.; 30 U.S.C. 1701 et seq.; 31 U.S.C. 9701; 42 U.S.C. 15903-15906; 43 U.S.C. 1301 et seq.; 43 U.S.C. 1331 et seq.; and 43 U.S.C. 1801 et seq.
Source
Source: 76 FR 64462, Oct. 18, 2011, unless otherwise noted.