Louisiana Administrative Code
Title 43 - NATURAL RESOURCES
Part V - Office of Mineral Resources
Chapter 5 - Mineral Resources
Subchapter C - Royalty Crude Oil
Section V-533 - Louisiana Refiner Criteria [Formerly LAC 43:I.933]
Universal Citation: LA Admin Code V-533
Current through Register Vol. 50, No. 9, September 20, 2024
A. To be eligible to purchase or process state royalty crude oil an applicant therefore must be certified by the State Mineral Board as a Louisiana refiner.
B. To qualify as a Louisiana refiner, an applicant to purchase or process state royalty crude shall meet all of the following criteria.
1. Applicant shall be a
Louisiana business entity having its principal place of business in the state
of Louisiana. In applying this criterion, principal place of business shall
mean:
a. 51 percent of the applicant's and all
affiliates' total refining capacity is located in Louisiana; or
b. Louisiana is the applicant's state of
incorporation; or
c. applicant's
headquarters or corporate offices and at least 51 percent of its officers and
employees are located in Louisiana.
2. Applicant shall have facilities in the
state with available capacity for refining or processing crude oil or
condensate into fuel products and/or the capability for the distillation of
methanol or ethanol suitable for blending with gasoline to produce a motor
fuel.
3. Applicant must have
adequate facilities to receive crude oil and own or have contractual rights to
use facilities for storage of royalty crude oil and for storage or products
refined therefrom.
4. Applicant
must be able to:
a. legally condition the
sale of products refined from the state royalty oil upon the right of the state
to exercise a right of first refusal to any such products; and
b. to give first priority to Louisiana
customers in the usual course of sale of such products.
AUTHORITY NOTE: Promulgated in accordance with R.S. 30:143.
Disclaimer: These regulations may not be the most recent version. Louisiana 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.
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