stripper well property
Defined in 1 dictionary — U.S. Code
United States Code
26 U.S.C. § 613A — in this section (5 versions over time)
For purposes of this paragraph, the term "stripper well property" means, with respect to any calendar year, any property with respect to which the amount determined by dividing—
(i) the average daily production of domestic crude oil and domestic natural gas from producing wells on such property for such calendar year, by
(ii) the number of such wells,
is 15 barrel equivalents or less.