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Reporting Instructions Form For Oil And Gas Taxes - North Dakota Office Of State Tax Commissioner Page 12

SPECIAL INSTRUCTIONS

It is mandatory that all multiple entries for API, group, or unit numbers include a “sequence number.”

Amended reports will replace previously filed data; complete worksheet entries are required. No back out entries are required.

Do not enter an API, group, or unit number if you are not submitting data for that well or lease.

All required blocks must be completed; incomplete reports may be returned to the reporting party for completion. Incomplete

reports that are returned are not considered to be timely filed.

Zeros must be entered after a decimal for cents (i.e., $1.00, not $1 or $1.--).

If the average price of a barrel of crude oil for any consecutive 5-month period in any year is $33 or more, the new well (except for

a new well on Indian land, FE well code), incremental, and work-over exemptions become ineffective and the extraction tax rate

for new wells, eligible work-over wells, and qualifying secondary or tertiary recovery projects is increased from 4% to 6.5%. If,

after the referenced trigger provisions become effective, the average price of a barrel of crude oil for any consecutive 5-month

period in any year falls to less than $33, the new well, incremental, and work-over exemptions are reinstated and the extraction tax

rate for new wells, eligible work-over wells, and qualifying secondary or tertiary recovery projects is reduced from 6.5% to 4%.

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Reporting Instructions Form For Oil And Gas Taxes - North Dakota Office Of State Tax Commissioner Page 12