1. (a) Minimum requirements of monthly production report. All producers or purchasers of asphalt or ores bearing lead, zinc, jack, or copper or petroleum oil, mineral oil, other crude oil, condensate, reclaimed oil, gas, natural gas, casinghead gas, or liquid hydrocarbons from oil or gas produced in this state shall report volume and value of such production monthly on OTC Form 341 or any other form as may be prescribed and required by the Oklahoma Tax Commission. Each monthly report shall include the following information:

   1. (1) Tax Commission assigned purchaser reporting number;
   2. (2) Tax Commission assigned producer reporting number;
   3. (3) Tax Commission assigned production unit number, subnumber, and merge number for each lease from which production is reported;
   4. (4) Assigned product code number for the product reported;
   5. (5) Gross volume of the product reported from each lease from which production is reported:
   6. (A) Crude oil and reclaimed oil are reported to the nearest hundredth barrel on a per barrel measurement of forty-two (42) U.S. gallons of two hundred thirty-one (231) cubic inches per gallon, computed at a temperature of sixty (60) degrees Fahrenheit.
   7. (B) Natural gas is reported to the nearest thousand cubic feet (MCF) at the standard pressure base of fourteen and sixty-five hundredths (14.65) pounds per square inch absolute at the standard temperature base of sixty (60) degrees Fahrenheit.
   8. (C) Natural gas liquids are reported to the nearest gallon.
   9. (6) Total value of the product reported from each lease from which production is reported; and, the gross production tax, the petroleum excise tax, Oklahoma energy resource board fee, and sustaining energy resources fee;
   10. (7) Taxpayer identification number, social security number (SSN), or, if applicable, the federal employer identification number (FEI);
   11. (8) The month and year the product reported was sold;
   12. (9) The Tax Commission assigned tax remitter reporting number.
2. (b) Reports must be filed electronically. OTC Forms 341 and 323-A must be filed electronically in the format prescribed by the Tax Commission.

Amended at 13 Ok Reg 3095, eff 7-11-96

Amended at 14 Ok Reg 2696, eff 6-26-97

Amended at 32 Ok Reg 1344, eff 8-27-15

Amended at 33 Ok Reg 1068, eff 8-25-16

Amended at 38 Ok Reg 1525, eff 9-1-21

Amended at 40 Ok Reg 1260, eff 8-11-23

Amended at 42 Ok Reg, Number 20, effective 7-15-25