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A stripper well or marginal well is an oil or gas well that is nearing the end of its economically useful life. In the United States a "stripper" gas well is defined by the Interstate Oil and Gas Compact Commission as one that produces 60,000 cubic feet (1,700 m3) or less of gas per day at its maximum flow rate; the Internal Revenue Service, for tax purposes, uses a threshold of 90,000 cubic feet (2,500 m3) per day. Oil wells are generally classified as stripper wells when they produce 10[1]-15 barrels per day or less for any twelve-month period.[2]
- ^ Cite error: The named reference
michwas invoked but never defined (see the help page). - ^ "Stripper Well Facts - National Stripper Well Association". Retrieved 17 November 2016.