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Zeta Co. drills a new well on undrilled acreage within a productive area. The well shall be classified as a development well. The well shall

Zeta Co. drills a new well on undrilled acreage within a productive area. The well shall be classified as a development well. The well shall be classified as an exploratory well. If the well is drilled in an offset location, the well shall be classified as an exploratory well. None of the above is correct.

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