Alaska Administrative Code
Title 11 - Natural Resources
Part 3 - Oil and Gas
Chapter 25 - Royalty Election Under Alaska Gasline Inducement Act
11 AAC 25.150 - Quality bank
Universal Citation: 11 AK Admin Code 11 AAC 25.150
Current through February 27, 2024
If a quality bank, NGL bank, or other mechanism is established to compensate or charge persons transporting gas on a pipeline for differences in the relative quality of gas tendered or received, a lessee shall adjust royalty volume or royalty payments to the state based on the same principles used by the quality bank, NGL bank, or other mechanism to compensate or charge a person transporting gas for differences in the relative quality of gas tendered or received.
Authority:AS 38.05.020
AS 38.05.180
AS 43.90.310
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