Ind. Code § 6-8-1-5

"Petroleum", "natural gas", "oil", and "barrel of oil" defined

As amended by P.L.109-1988, SEC.9.
  1. (a) As used in this chapter, "petroleum" means all hydrocarbons produced at a well in a liquid or gaseous state.
  2. (b) As used in this chapter, "natural gas" means petroleum that maintains a gaseous state at atmospheric conditions.
  3. (c) As used in this chapter, "oil" means petroleum that maintains a liquid state at atmospheric conditions.
  4. (d) As used in this chapter, "barrel of oil" means forty-two (42) U.S. gallons of oil at sixty degrees Fahrenheit (60° F).

As amended by P.L.109-1988, SEC.9.

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