Wyoming oil & gas conservation commission-charges deadline.

WORKING DRAFT

ORIGINAL SENATE

FILE

NO.
0011

ENROLLED ACT NO. 29, SENATE

FIFTY-EIGHTH LEGISLATURE OF THE STATE OF WYOMING
2005 GENERAL SESSION

AN ACT relating to mines and minerals; modifying the deadline to submit payment for charges assessed by the Wyoming oil and gas conservation commission on oil and gas produced, sold or transported in Wyoming; and providing for an effective date.

Be It Enacted by the Legislature of the State of Wyoming:

Section 1.

W.S. 30
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5
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116(b)(intro) is amended to read:

30
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5
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116.

Disposition of monies; payment of expenses; charge assessed on value of oil or gas produced.

(b)

There is assessed on the fair cash market value as provided by W.S. 39
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14
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203, of all oil and gas produced, sold or transported from the premises in Wyoming a charge not to exceed eight
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tenths of one (1) mill ($.0008) on the dollar. The commission shall by order fix the amount of the charge in the first instance and may reduce or increase the amount as the expenses chargeable may require. The amounts fixed by the commission shall not exceed the limit prescribed above. It is the duty of the commission to collect all assessments. All monies collected shall be remitted to the state treasurer for deposit in an account within the earmarked revenue fund and used exclusively to pay the costs and expenses incurred in connection with the administration and enforcement of W.S. 30
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5
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101 through 30
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119. The persons owning a working interest, royalty interest, payments out of production, or any other interest in the oil and gas or in the proceeds thereof, subject to the charge in this subsection are liable for the charge in proportion to their ownership at the time of production. The charge so assessed is payable monthly. The sum due is payable to the commission, on or before the twenty
‑
fifth of the
second
month
next
following the month in which the charge accrued by the producer on behalf of himself and all other interested persons. If there is a sale of oil or gas within this state the charge is payable by the purchaser. Any charge not paid within the time specified bears interest at the rate of one percent (1%) per month from the date of delinquency until paid. This charge together with the interest is a lien upon the oil or gas against which it is levied and assessed. The person paying the charge as provided is authorized and required to deduct from any amounts due the persons owning an interest in the oil and gas or in the proceeds at the time of production the proportionate amount of the charge before making the payment. Subsection (b) of this section shall apply to all lands in the state of Wyoming, notwithstanding the provisions of W.S. 30
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5
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118, however, there is exempted from the charge as levied and assessed the following:

Section 2.

This act is effective July 1, 2005.

(END)

Speaker of the House

President of the Senate

Governor

TIME APPROVED: _________

DATE APPROVED: _________

I hereby certify that this act originated in the Senate.

Chief Clerk

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