New Well Law and Legal Definition
According to 15 USCS § 3301 (3), [Title 15. Commerce and Trade; Chapter 60. Natural Gas Policy] the term new well means “any well--
(A) the surface drilling of which began on or after February 19, 1977; or
(B) the depth of which was increased, by means of drilling on or after February 19, 1977, to a completion location which is located at least 1,000 feet below the depth of the deepest completion location of such well attained before February 19, 1977.”