U.S. Code of Federal Regulations

Regulations most recently checked for updates: Mar 28, 2020

§ 3142.0-5 - Definitions.

As used in part 3140 of this title, the term production in paying quantities means:

(a) Production, in compliance with an approved plan of operations and by nonconventional methods, of oil and gas which can be marketed; or

(b) Production of oil or gas by conventional methods as the term is currently used in part 3160 of this title.

[51 FR 7276, Mar. 3, 1986, as amended at 70 FR 58616, Oct. 7, 2005]