OAR 150-324-0015
Production Unit for Calculation and Reporting
# (1)
(1) The "net gas produced and saved" from an individual well is the total gas produced and saved from that well less that gas used for purposes enumerated in ORS 324.110(3).
# (2)
(2) Production of natural gas shall be measured and reported in therms. One therm equals 100,000 British Thermal Units (BTUs).
Amendment history
Renumbered from 150-324.050-(B), REV 51-2016, f. 8-13-16, cert. ef. 9-1-16
Source: view the official text
In this chapter (6 sections)
- 150-324-0010 · Applicability Limited to Natural Gas Production
- 150-324-0015 · Production Unit for Calculation and Reporting
- 150-324-0020 · Gross Sales Value Subject to Production Tax
- 150-324-0025 · Purchaser’s Filing Responsibility
- 150-324-0030 · Producers Filing Responsibility
- 150-324-0035 · Credit for or Refund of Ad Valorem Taxes Paid