Oklahoma Notice and Declaration of Gas Storage Provided For in Oil and Gas Lease
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How to fill out Notice And Declaration Of Gas Storage Provided For In Oil And Gas Lease?
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FAQ
The price of fuel is not regulated in Oklahoma. The Oklahoma Corporation Commission's Petroleum Storage Tank Division has fuel inspectors who conduct inspections of fueling facilities to ensure fuel quality and accurate measurement.
The Oklahoma Corporation Commission is responsible for licensing and regulating electric power utilities, natural gas utilities, drinking water utilities and telecommunications utilities.
If you receive oil and gas royalties in Oklahoma, the operator must pay within six months of the initial sale of production and by the end of the second month after subsequent sales. If they don't pay on time, you must be paid 12% interest compounded annually on the unpaid amounts as a royalty owner.
The Corporation Commission received from the Legislature in 1915 the statutory responsibility for regulating the oil and gas exploration and production industries in Oklahoma.
The Corporation Commission was established in 1907 by Article 9 of the Oklahoma Constitution, and the First Legislature gave the Commission authority to regulate public service corporations, those businesses whose services are considered essential to the public welfare.
The Oklahoma Corporation Commission is the public utilities commission of the U.S state of Oklahoma run by three statewide elected commissioners. Authorized to employ more than 400 employees, it regulates oil and gas drilling, utilities and telephone companies.
Use tax receipts, received on out-of-state purchases including internet sales, generated $91.7 million, up by $6.8 million, or 8%. Gross production taxes on oil and natural gas totaled $99.8 million, a decrease of $97.9 million, or 49.5%. Motor vehicle taxes produced $71 million, a decrease of $4.2 million, or 6.3%.
