allowables?

Hi I have a question....If an oil well says 477 allowables and 474 potential (on the sonris data) what does this mean? According to the DNR glossary this means it will/can produce this amt per day????

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Permalink Reply by Skip Peel - Mineral Consultant on August 11, 2014 at 9:26

The daily rate of oil or gas that a well is permitted by state authorities to produce during a given period.

Permalink Reply by emily amedee on August 11, 2014 at 14:14

ok thanks for the info

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