Production Tax Value of Oil and Gas | MidpageProduction Tax Value of Oil and Gas
15.55.206Calculation of production tax values for oil and gas produced after June 30, 2007 and before January 1, 2022, and for oil produced after December 31, 202115.55.208Calculation of adjusted lease expenditures and production tax value for a municipal entity15.55.211Gross value reductions15.55.212Procedures relating to gross value reductions15.55.213Methodologies under AS 43.55.160 (f)(3)15.55.214Duration of gross value reductions15.55.215Applicability of lease expenditures15.55.217Carried-forward annual losses after December 31, 201715.55.224Lease expenditures incurred after June 30, 2007, for Cook Inlet, for gas used in the state, and for oil and gas subject to AS 43.55.011 (p)15.55.250Standards for lease expenditures other than overhead15.55.260Direct charges15.55.271Overhead on or after March 1, 201015.55.275Exclusions from lease expenditures15.55.280Adjustments to lease expenditures15.55.290When cost is incurred