Alaska Administrative Code — Title 15 (Revenue)
15 AAC 55.161
Sales price for oil or gas
# (a)
For purposes of this chapter, the sales price for oil or gas is the cash value of the full consideration being given in receipt for oil or gas transferred from a producer in an arm's length, third party transaction. For gas that has been processed in a downstream gas plant, the sales price is the total of the cash value of the full consideration being given in receipt for the residue gas and gas plant products transferred from a producer in an arm's length, third party transaction.
# (b)
Repealed 1/1/2000.
# (c)
In an exchange, the cash value for purposes of (a) of this section of the crude received in the exchange is
# (1)
the average spot price of the crude received that is published during the month that corresponds most closely to the pricing period identified in the contract for the crude received, if the crude received is priced by reference to a crude other than ANS and a pricing period is identified in the contract; or
# (2)
the average spot price of the crude received that is published during the month of delivery of the crude received, if the crude received is priced by reference to ANS or if a pricing period is not identified in the contract.
# (d)
If oil or gas is sold under a contract that contains a provision for reimbursing the producer for all or any part of the production taxes paid by the producer for that oil or gas, full consideration for purposes of (a) of this section includes the amount of the tax reimbursement received by the producer.
(Eff. 1/1/95, Register 132; am 1/1/2000, Register 152; am 1/1/2003, Register 164; am 4/30/2010, Register 194) Statutory Authority:
Authority:
AS 43.05.080 AS 43.55.110
AS 43.55.020 AS 43.55.150
Amendment history
Eff. 1/1/95, Register 132; am 1/1/2000, Register 152; am 1/1/2003, Register 164; am 4/30/2010, Register 194
Source: official source document (full AAC Title 15 PDF)
In this chapter (40 sections)
- 55.030 · Economic limit factor for casinghead gas produced before 1/1/95
- 55.040 · Interim taxation of gas well gas
- 55.045 · Economic limit factor for distillate or condensate produced…
- 55.050 · Gas run through a gas processing plant
- 55.052 · Reasonable allowance for processing gas in a gas processing…
- 55.060 · Lease identification number
- 55.070 · Penalty for gas flared before 1/1/95
- 55.071 · Gas flared
- 55.080 · Interest
- 55.090 · Significant digits in economic limit factors
- 55.100 · Average API gravity
- 55.110 · Application of early development incentive credit against…
- 55.115 · Accounting for shrinkage when oil and NGLs are commingled
- 55.120 · Payment and reporting procedures
- 55.122 · Supplemental submissions
- 55.140 · Processing cost deduction for a downstream gas plant
- 55.141 · Methodology for calculating certain gas processing cost…
- 55.150 · Valuation of oil or gas produced before 1/1/95
- 55.151 · Gross value of oil or gas at the point of production
- 55.160 · Sales price for oil or gas produced before 1/1/95
- 55.161 · Sales price for oil or gas
- 55.163 · Valuation of oil run through a North Slope field topping plant
- 55.165 · Estimated payment of taxes based on market value for oil…
- 55.167 · Transition rule for payment of estimated tax for third quarter…
- 55.170 · Prevailing value for oil produced before 1/1/95
- 55.171 · Prevailing value for oil
- 55.172 · Prevailing value for gas produced before 1/1/95
- 55.173 · Prevailing value for gas
- 55.175 · Allocation of value between oil and NGLs
- 55.177 · Publication of information related to prevailing value…
- 55.180 · Choice of methods for determining reasonable cost of…
- 55.181 · Comparison of actual and reasonable costs of transportation…
- 55.190 · Calculation of reasonable costs of transportation for oil or…
- 55.191 · Calculation of reasonable costs of transportation for oil or…
- 55.192 · Monthly share of annual transportation costs
- 55.193 · Calculation of costs of transportation for oil and gas…
- 55.195 · Return on investment or cost of capital allowance to be used in
- 55.196 · Cost of capital allowance to be used in calculation of costs…
- 55.197 · Methodology to determine certain transportation costs for…
- 55.200 · Retroactive adjustments