California Law (Last Updated: March 4, 2014) |
Public Resources Code - PRC |
Division 3. OIL AND GAS |
Chapter 1. Oil and Gas Conservation |
ARTICLE 8. Recommendation of Maximum Efficient Rates of Production |
Section 3451.
Latest version.
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"Maximum Efficient Rate," commonly referred to as "MER," is defined as the highest daily rate of production which can be sustained economically from a particular pool, from existing wells and facilities, for a reasonable period without loss of economically recoverable ultimate production of oil from such pool.
(Added by Stats. 1957, Ch. 437.)