Definitions

Official textlegis.nd.govlast amended Jan 01, 1989

As used in this chapter and for the administration of the ad valorem property tax exemption set out in North Dakota Century Code sections 57-51-03 and 57-51-04, unless the context otherwise requires:

# 1.

"Point of measurement as to quantity and testing as to quality" means the earliest possible point after oil or gas is brought to the surface at which it is both feasible and reasonable to measure.

# 2.

"Producing well" means a well which is producing oil or gas or which has produced oil or gas at some time within the last twelve months prior to the assessment date of January first for centrally assessed property or February first for locally assessed property.

# 3.

"Production" means the act of bringing oil or gas to the surface and to the point of measurement as to quantity and testing as to quality.

Amendment history

History: Effective January 1, 1989. General Authority: NDCC 57-51-21 Law Implemented: NDCC 57-51-03, 57-51-04

Source: view the official PDF

In this article (22 sections)

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