060-18 Wyo. Code R. §§ 18-16 - [Effective 10/24/2024] Field Audits
(a) The Wyoming
Department of Audit, the Director, or the duly authorized representative of
either shall have the right at reasonable times and intervals to audit the
books and records of any oil and gas lessee or operator on state lands and to
inspect the leased premises and conduct field audits for the purpose of
determining compliance with this chapter or the terms of the lease.
(b) Any and all parties producing and selling
state lands royalty interests shall retain their records for six (6) years from
the date of sale reporting as due under this chapter for any production from or
allocated to state lands for all periods ending after January 1,
2000.
(c) Absent state lessee or
operator production sales reporting as required in this subsection, the state's
oil and gas lessee shall only sell or deliver any leased substance to any
person who agrees:
(i) To file reports with
the Office stating the price, quantity, origin, and disposition of all
production purchased from a state lease; and
(ii) To allow an audit as provided for in
this section.
Notes
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(a) The Wyoming Department of Audit, the Director, or the duly authorized representative of either shall have the right at reasonable times and intervals to audit the books and records of any oil and gas lessee or operator on state lands and to inspect the leased premises and conduct field audits for the purpose of determining compliance with this chapter or the terms of the lease.
(b) Any and all parties producing and selling state lands royalty interests shall retain their records for six (6) years from the date of sale reporting as due under this chapter for any production from or allocated to state lands for all periods ending after January 1, 2000.
(c) Absent state lessee or operator production sales reporting as required in this subsection, the state's oil and gas lessee shall only sell or deliver any leased substance to any person who agrees:
(i) To file reports with the Office stating the price, quantity, origin, and disposition of all production purchased from a state lease; and
(ii) To allow an audit as provided for in this section.