Home >  Term: proration
proration

The specified sharing of oil and/or gas production among the wells in a particular area. Dividing of consumption into parts and billing each at a different rate; generally, proportioning according to some calculable factor for billing period.

0 0

Penulis

  • JJD
  •  (Gold) 2369 poin
  • 100% positive feedback
© 2024 CSOFT International, Ltd.