055-3 Wyo. Code R. § 3-41 - Payment of Conservation Tax (Form OG-001)
(a) Purchasers and
producers of oil and gas who are responsible for payment of conservation tax
shall notify the Commission in order to receive reporting forms from the
Commission's staff. Reporting forms will be available on the Commission's
website. Forms will be mailed to the Owner/Operator only upon written request
of the producer or purchaser. Producers whose tax liability is thirty dollars
($30.00) or less per month may make semi-annual reports with payments due the
periods ending June 30th and December 31st of each year.
(b) The form of the tax return shall be
prescribed by the Commission. The gross amount of sales of oil and gas shall be
the total of the monthly amounts reported on the Commission's Form 2
(Operator's Monthly Report of Wells). The fair cash market value of sales for
conservation mill tax calculations shall be the same as used by an
Owner/Operator in making its calculation for severance tax purposes to the
Wyoming Department of Revenue and Taxation for return for tax assessment to the
State Board of Equalization of Wyoming, Ad Valorem Tax Division, pursuant to
Wyo. Stat. Ann. § 3914-201, et seq.
(c) Payments and corresponding forms must be
submitted on or before the 25th day of the second month following the month in
which the production occurs. Any tax not paid within the time herein specified
shall bear interest at a rate of one percent (1%) per month from the date of
delinquency until paid. This tax, together with the interest, is a lien upon
the oil or gas against which it is levied and assessed. A tax due of less than
one dollar ($1.00) does not need to be remitted.
(i) Checks submitted for payment of taxes
should include and identify the taxpayer's name, address, and phone number.
Cash or coin is not an acceptable method of payment of the tax.
(ii) Tax returns must be signed prior to
submission to the Commission.
(d) Purchasers have the option of paying the
tax for producers, but doing so does not reduce the producer's liability for
full payment of the tax. Purchasers and producers shall make arrangements
between themselves to ensure that there will be no duplication of taxes paid.
If the purchaser pays the tax, the producer shall still submit a return showing
volumes, values, and name of the company paying the tax.
(e) Operators are responsible for making
settlements with the non-operators in leases or units according to their
customary joint interest accounting.
Notes
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