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new well

Defined in 1 dictionary — U.S. Code

United States Code

15 U.S.C. § 3301 — for purposes of this chapter

The term “new well” means any well—

(A) the surface drilling of which began on or after February 19, 1977; or

(B) the depth of which was increased, by means of drilling on or after February 19, 1977, to a completion location which is located at least 1,000 feet below the depth of the deepest completion location of such well attained before February 19, 1977.