gas wells

Oklahoma Keeps Natural Gas Proration Formula at 50%

Oklahoma Keeps Natural Gas Proration Formula at 50%

The Oklahoma Corporation Commission (OCC) has voted to leave a proration formula in place that limits natural gas production from some of the state’s most prolific wells.  In a 2-1 vote, with Chairman Todd Hiett and Commissioner Dana Murphy in support of the current formula, operators are required to limit an unallocated gas well’s absolute…

August 31, 2020