Okla. Admin. Code § 710:45-9-81
Definitions
Effective Jul 15, 202542 Ok Reg, Number 20<i><sup>1</sup>This emergency action expired without being superseded by a permanent action. Upon expiration of an emergency amendatory action, the last effective permanent text is reinstated. Therefore, on 7-15-98 (after the 7-14-98 expiration of the emergency action), the text of 710:45-9-81 reverted back to the permanent text that became effective 6-26-97, as was last published in the 1997 OAC Supplement and republished in the 1998 and 1999 OAC Supplements, and remained as such until amended again by permanent action on 6-25-00.</i>; Added at 14 Ok Reg 2696, eff 6-26-97; Amended at 15 Ok Reg 2156, eff 4-22-98 through 7-14-98 (emergency)<sup>1</sup>; Amended at 17 Ok Reg 2668, eff 6-25-00; Amended at 23 Ok Reg 2816, eff 6-25-06; Amended at 25 Ok Reg 2039, eff 7-1-08; Amended at 34 Ok Reg 79, eff 9-30-16 (emergency); Amended at 34 Ok Reg 2060, eff 9-11-17; Amended at 40 Ok Reg 1260, eff 8-11-23; Amended at 41 Ok Reg, Number 22, effective 11-1-24; Amended at 42 Ok Reg, Number 20, effective 7-15-25Oklahoma Tax Commission
The following words and terms, when used in this Chapter, shall have the following meaning, unless the context clearly indicates otherwise:
"Active production days" means any day in which oil or natural gas was produced by the lease as reflected in the daily production logs.
"Calendar year" means January 1 through December 31.
"Economically at-riskoil or gas lease" means beginning with calendar year 2022, and each year thereafter:
- (A) Any Tax Commission assigned production unit number classified as an oil lease that operated at a net profit which is less than the total gross production tax remitted for such lease during the production year with an average production volume per well of ten (10) barrels or less of oil and the monthly average price of oil for the year was less than Fifty Dollars ($50.00) per barrel; and
- (B) Any Tax Commission assigned production unit number classified as a gas lease that operated at a net loss or a net profit which is less than the total gross production tax remitted for such lease during the production year with an average production volume per lease of sixty (60) MCF or less of natural gas per day and the "monthly average price of gas" for the year was less than Three Dollars and Fifty Cents ($3.50) per MMBtu.
"Production year" means the calendar year in which the active production days occur.
<i><sup>1</sup>This emergency action expired without being superseded by a permanent action. Upon expiration of an emergency amendatory action, the last effective permanent text is reinstated. Therefore, on 7-15-98 (after the 7-14-98 expiration of the emergency action), the text of 710:45-9-81 reverted back to the permanent text that became effective 6-26-97, as was last published in the 1997 OAC Supplement and republished in the 1998 and 1999 OAC Supplements, and remained as such until amended again by permanent action on 6-25-00.</i>
Added at 14 Ok Reg 2696, eff 6-26-97
Amended at 15 Ok Reg 2156, eff 4-22-98 through 7-14-98 (emergency)<sup>1</sup>
Amended at 17 Ok Reg 2668, eff 6-25-00
Amended at 23 Ok Reg 2816, eff 6-25-06
Amended at 25 Ok Reg 2039, eff 7-1-08
Amended at 34 Ok Reg 79, eff 9-30-16 (emergency)
Amended at 34 Ok Reg 2060, eff 9-11-17
Amended at 40 Ok Reg 1260, eff 8-11-23
Amended at 41 Ok Reg, Number 22, effective 11-1-24
Amended at 42 Ok Reg, Number 20, effective 7-15-25