Marginal Gas Production

About Marginal Gas Production:

Marginal Oil and Gas Production means the production of oil and gas from stripper wells and heavy oil. Such marginal production has a depletion rate of 15%, increased by 1 percentage point for each dollar by which the acreage wellhead per barrel of oil, as determined by the U.S. Internal Revenue Service, falls below $20. The depletion rate was 18% in 1992 and 19% in 1993.