312 IAC 29-26-2 - Required information
Authority: IC 14-10-2-4; IC 14-37-3
Affected: IC 14-37
Sec. 2.
(a) Oil
production sales volumes shall be reported using the volume of oil as measured
at the time of sale following custody transfer and from which the division of
interest is calculated.
(b) Natural
gas and coal bed methane production sales volumes shall be reported using the
volume of gas measured at the time of sale following custody transfer from
which the division of interest is calculated using a pressure base of fourteen
and seventy-three hundredths (14.73) psia at sixty (60) degrees
Fahrenheit.
(c) The production
report shall include the following:
(1)
Operator name.
(2) Lease, farm
name, or production unit.
(3)
Production month and year.
(4)
Purchaser number or lease number assigned by the oil and gas purchaser to the
lease or the well for accounting and production payment purposes.
(5) County of production.
(6) Pool or field name.
(7) Section, township, and range.
Notes
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