Statutes, codes, and regulations
Wyoming Administrative Code
Agency 055 - Oil and Gas Conservation CommissionSubagency 0001 - General Agency, Board or Commission Rules
Chapter 3 - OPERATIONAL RULES, DRILLING RULES
Section 3-41 - Payment of Conservation Tax (Form OG-001)

055-3 Wyo. Code R. § 3-41

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Current through April 27, 2019
Section 3-41 - Payment of Conservation Tax (Form OG-001)

(a) Purchasers and producers of oil and gas who are responsible for payment of conservation tax shall notify the Commission in order to receive reporting forms from the Commission's staff. Reporting forms will be available on the Commission's website. Forms will be mailed to the Owner/Operator only upon written request of the producer or purchaser. Producers whose tax liability is thirty dollars ($30.00) or less per month may make semiannual reports with payments due the periods ending June 30th and December 31st of each year.

(b) The form of the tax return shall be prescribed by the Commission. The gross amount of sales of oil and gas shall be the total of the monthly amounts reported on the Commission's Form 2 (Operator's Monthly Report of Wells). The fair cash market value of sales for conservation mill tax calculations shall be the same as used by an Owner/Operator in making its calculation for severance tax purposes to the Wyoming Department of Revenue and Taxation for return for tax assessment to the State Board of Equalization of Wyoming, Ad Valorem Tax Division, pursuant to Wyo. Stat. Ann. § 39-14-201, et seq.

(c) Payments and corresponding forms must be submitted on or before the 25th day of the second month following the month in which the production occurs. Any tax not paid within the time herein specified shall bear interest at a rate of one percent (1%) per month from the date of delinquency until paid. This tax, together with the interest, is a lien upon the oil or gas against which it is levied and assessed. A tax due of less than one dollar ($1.00) does not need to be remitted.

  • (i) Checks submitted for payment of taxes should include and identify the taxpayer's name, address, and phone number. Cash or coin is not an acceptable method of payment of the tax.
  • (ii) Tax returns must be signed prior to submission to the Commission.

(d) Purchasers have the option of paying the tax for producers, but doing so does not reduce the producer's liability for full payment of the tax. Purchasers and producers shall make arrangements between themselves to ensure that there will be no duplication of taxes paid. If the purchaser pays the tax, the producer shall still submit a return showing volumes, values, and name of the company paying the tax.

(e) Operators are responsible for making settlements with the non-operators in leases or units according to their customary joint interest accounting.

055-3 Wyo. Code R. § 3-41

Amended, Eff. 6/3/2015.

Amended, Eff. 1/19/2016.

Amended, Eff. 4/1/2016.