Alaska Administrative Code — Title 15 (Revenue)
15 AAC 55.810
Heating value of gas
# (a)
Except as provided in (c) of this section, the heating value of gas is determined by
# (1)
calculating the total or gross BTUs produced
(A) by the combustion, at constant pressure, of the amount of the gas that would occupy a volume of one cubic foot of space at a temperature of 60° Fahrenheit, when the gas is
(i) saturated with water vapor and under a pressure equivalent to that of
14.73 pounds per square inch absolute; and
(ii) under standard gravitational force with air of the same temperature and pressure as the gas; and
(B) when the products of combustion are cooled to the initial temperature of the gas and air and when the water formed by combustion is condensed to the liquid state; and
# (2)
adjusting the calculation under (1) of this subsection for the actual water content of the gas.
# (b)
The heating value of gas produced from each lease or property must be sampled and the heating value determined under (a) of this section at least once per calendar year. The most recent determination of heating value must be applied to gas produced from the lease or property on or after the date the determination is made. If the first determination of heating value in compliance with (a) of this section is made after March 31, 2007, that determination must also be applied to gas that is produced from the lease or property after March 31, 2007, but before the date that determination is made.
# (c)
For gas produced before April 1, 2007, if the heating value is not determined under (a) -
(b) of this section, the department will prescribe a reasonable method for estimating the heating value, based on the known heating value of gas produced more recently from the same reservoir or produced from a similar reservoir, an average heating value for gas produced from a type of reservoir or from an area of the state, or a standard industry practice.
(Eff. 5/3/2007, Register 182)
Statutory Authority:
Authority:
AS 43.05.080 AS 43.55.110 AS 43.55.900
Amendment history
Eff. 5/3/2007, Register 182
Source: official source document (full AAC Title 15 PDF)
In this chapter (40 sections)
- 55.341 · Credit provisions after June 30, 2007, and before January 1,…
- 55.345 · Procedures for applying certain tax credits
- 55.350 · Alternative tax credit for exploration expenditures for work
- 55.351 · Alternative tax credit for exploration expenditures for work
- 55.355 · Alternative oil and gas exploration tax credit claim for…
- 55.356 · Alternative oil and gas exploration tax credit claim for…
- 55.360 · Qualified exploration expenditures
- 55.365 · Transfer of a transferable tax credit certificate or…
- 55.370 · Applying production tax credit certificates against production…
- 55.375 · Order of applying tax credits
- 55.380 · Subtraction of tax credits in calculation of installment…
- 55.381 · Subtraction of tax credits in calculation of installment…
- 55.410 · Tax on production tax value of oil and gas
- 55.420 · Minimum tax for oil and gas produced before July 1, 2007
- 55.421 · Minimum tax for oil and gas produced after June 30, 2007
- 55.430 · Tax based on price index for oil and gas produced before July…
- 55.431 · Monthly tax amounts under AS 43.55.011(e) for oil and gas…
- 55.440 · Tax limitations for Cook Inlet and for gas used in the state
- 55.450 · Tax for oil and gas the ownership or right to which…
- 55.510 · Installment payments of estimated tax for oil and gas produced…
- 55.511 · Installment payments of estimated tax for oil and gas produced…
- 55.514 · Installment payments of estimated tax for oil and gas produced…
- 55.520 · Monthly filings
- 55.525 · Cash purchases of tax credit certificates
- 55.800 · Retroactive application of regulations
- 55.805 · Rules for 2007 mid-year statutory changes
- 55.810 · Heating value of gas
- 55.815 · Lease or property
- 55.820 · Retroactive changes
- 55.830 · Interest
- 55.840 · Penalties
- 55.850 · Calculation of average daily production
- 55.860 · Unitary rounding
- 55.900 · Definitions
- 55.9660 · Number of oil wells
- 55.9670 · Daily per well oil production
- 55.9690 · Sales production ratio
- 55.9694 · Tax rate changes based on wholesale price index
- 55.9699 · Point of valuation of oil
- 55.9700 · Definitions