Alaska Administrative Code
Title 11 - Natural Resources
Part 6 - Lands
Chapter 83 - Oil and Gas Leasing
Article 2 - Net Profit Share Leasing
11 AAC 83.201 - Purpose
Universal Citation: 11 AK Admin Code 83.201
Current through August 30, 2024
11 AAC 83.201 - 11 AAC 83.295 establish procedures to be used by the lessee in calculating net profit share payments due the state for the production of oil and gas from any state net profit share lease (NPSL) issued by the department. The purpose of 11 AAC 83.201 - 11 AAC 83.295 is to allow a lessee to recover development costs, with interest, and operating costs, for each NPSL from production revenue for each NPSL before any net profit share payments become due the state from the lessee.
Authority:AS 38.05.020
AS 38.05.180
Disclaimer: These regulations may not be the most recent version. Alaska may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
This site is protected by reCAPTCHA and the Google
Privacy Policy and
Terms of Service apply.
