Oregon Administrative Rules
Chapter 150 - DEPARTMENT OF REVENUE
Division 324 - OIL AND GAS TAX
Section 150-324-0015 - Production Unit for Calculation and Reporting
Universal Citation: OR Admin Rules 150-324-0015
Current through Register Vol. 63, No. 9, September 1, 2024
(1) The "net gas produced and saved" from an individual well is the total gas produced and saved from that well less that gas used for purposes enumerated in ORS 324.110(3).
(2) Production of natural gas shall be measured and reported in therms. One therm equals 100,000 British Thermal Units (BTUs).
Stat. Auth.: ORS 305.100
Stats. Implemented: ORS 324.050
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