(b) Operators shall maintain a record of decline of production "" and of pressure for each well. The pressure decline may be "" based either on bottom hole pressure tests or on shut in pressure "" tests which should be run every 120 days. "" (c) The department has the authority to limit production, set "" allowables and allocate allowables, whenever the total amount of "" oil and/or gas which all of the pools in the state can produce, "" exceeds the amount reasonably required to meet market demand. "" Such proration and allocation will be done only after a public "" hearing is held by the director. "" "" "" Authority G.S. 113-391. "" "" – "" .0100 REFERENCE "" – "" 15A NCAC 05H .0101 PURPOSE AND SCOPE "" The rules of this Subchapter regulate the management of oil or "" gas exploration and development to protect public health, "" welfare, and the environment. "" ""' "" Authority G.S. 113-391(a). "" 15A NCAC 05H .0102 TERMS OF AND "" "" DEFINITIONS "" "" "" "" "" "" "" "" "" "" "" "" "" "" "" "" "" "" "" "" "" "" "" "" "" "" "" "" "" "" "" "" "" "" "" "" "" "" "" "" "" "" "" "" "" "" "" """" "" "" "" "" "" "" "" "" "" "" "" "" "" "" "" "" ""
(b) Operators shall maintain a record of decline of production and of pressure for each well. The pressure decline may be based either on bottom hole pressure tests or on shut in pressure tests which should be run every 120 days. (c) The department has the authority to limit production, set allowables and allocate allowables, whenever the total amount of oil and/or gas which all of the pools in the state can produce, exceeds the amount reasonably required to meet market demand. Such proration and allocation will be done only after a public hearing is held by the director. Authority G.S. 113-391. – .0100 – 15A NCAC 05H .0101 PURPOSE AND SCOPE The rules of this Subchapter regulate the management of oil or gas exploration and development to protect public health, welfare, and the environment. Authority G.S. 113-391(a). 15A NCAC 05H .0102 TERMS OF REFERENCE AND DEFINITIONS "" "" "" "" "" "" "" "" "" "" "" "" "" "" "" "" "" "" "" "" "" "" "" """" "" "" "" "" "" "" "" "" "" "" "" "" "" "" "" "" "" "" "" "" "" "" "" "" "" "" "" "" "" ""' "" "" "" "" "" "" "" "" "" "" "" "" "" "" "" "" "" "" "" "" "" "" "" "" "" "" "" "" "" "" "" "" "" "" "" "" ""
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