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Oklahoma Administrative Code (Last Updated: March 11, 2021) |
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TITLE 710. Oklahoma Tax Commission |
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Chapter 45. Gross Production |
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Subchapter 5. Required Returns and Reports |
SECTION 710:45-5-1. Monthly production reports
Latest version.
- (a) Minimum requirements of monthly production report. All producers or purchasers of asphalt or ores bearing lead, zinc, jack, or copper or petroleum oil, mineral oil, other crude oil, condensate, reclaimed oil, gas, natural gas, casinghead gas, or liquid hydrocarbons from oil or gas produced in this state shall report volume and value of such production monthly on OTC Form 300or any other form as may be prescribed and required by the Oklahoma Tax Commission. Each monthly report shall include the following information:(1) Commission assigned purchaser reporting number;(2) Commission assigned producer reporting number;(3) Commission assigned production unit number, subnumber, and merge number for each lease from which production is reported;(4) Assigned product code number for the product reported;(5) Gross amount of the product reported from each lease from which production is reported;(6) Total value of the product reported from each lease from which production is reported; and, the Gross Production Tax and the Petroleum Excise Tax for said lease;(7) Taxpayer identification number or, if applicable, the federal employer identification number (FEI).(b) Reports must be filed electronically. OTC Forms 300 and 300C must be filed electronically in the format prescribed by the Compliance Division of the Oklahoma Tax Commission.