allowable oil

allowable oil

[ə′lau̇·ə·bəl ′oil]
(petroleum engineering)
The oil an operator is permitted by law to remove from a well in one day.
References in periodicals archive ?
Only one facility was above the Osha-set allowable oil mist standard of 5 mg/[m.
A taxpayer's "excess IDCs" generally equal the taxpayer's allowable oil, gas and geothermal IDCs, under Sec.