Reporting Instructions Form For Oil And Gas Taxes - North Dakota Office Of State Tax Commissioner Page 11
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42Code WW
A well not eligible for an oil extraction tax exemption or rate reduction. The applicable oil
extraction tax rate is 6.5%.
Code SR
A secondary recovery project well eligible for a reduced oil extraction tax rate of 4%.
Code TR
A tertiary recovery project well eligible for a reduced oil extraction tax rate of 4%.
Code ER
Used by purchasers for qualified enhanced recovery reporting (see Enhanced Recovery).
Code R1
Used by producers for qualified enhanced recovery reporting of production subject to 5% gross
production and 0% oil extraction tax (see Enhanced Recovery).
Code R2
Used by producers for qualified enhanced recovery reporting of production subject to 5% gross
production and 4% oil extraction tax (see Enhanced Recovery).
Code R3
Used by producers for qualified enhanced recovery reporting of production subject to 5% gross
production and 6.5% oil extraction tax (see Enhanced Recovery).
Block 9. Taxable Value of Oil: For well codes EN, HE, FE, HR, IE, S1, S2, S3, R1 and WP, enter zero. For well codes NW, SR, TR,
W4, R2, R3, and WW, enter the value from Block 4.
Block 10. Total Extraction Tax Due: Multiply the value in Block 9 by the applicable oil extraction tax rate:
•
4% - Well codes NW, SR, TR, R2, and W4.
•
6.5% - Well codes R3 and WW.
Block 11. Extraction Tax Previously Paid: On an original report, leave this space blank. On an amended report, enter the extraction
tax paid for an API, group, or unit and sequence number.
Block 12. Extraction Tax Paid by Others: Enter the extraction tax paid by others.
Block 13. Extraction Tax Paid with Report: Block 10 minus Blocks 11 and 12.
NOTE: The total of Blocks 11, 12, and 13 must equal Block 10.
Block 14. Other Party Federal I.D. Number(s): Enter the Federal I.D. number of the party that produced/purchased the oil for each
lease. A total of four may be entered.
Block C. Oil Gravity: Enter the average oil gravity for this lease (round to one decimal place).
Block D. Posting Code: Enter the applicable posting code used for calculating value (see Exhibits for posting code list).
Block E.
Additional Value: Enter the value added to the posted price (i.e., bonus, differential, etc.).
Block F.
Transportation Deduction: Enter the transportation deduction as allowed under N.D.C.C. § 57-51-02.3.
Block G. Other Deductions: Enter other deductions (i.e., gravity, differential, etc.).
Page 9
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