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.
- ส่วนหนึ่งของคำพูด: noun
- อุตสาหกรรม/ขอบเขต: Energy
- Category: Natural gas
- Company: AGA
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