34 Tex. Admin. Code § 3.26 - Purchaser and/or Processer Reporting Requirements

(a) Definitions. The following words and terms, when used in this section, shall have the following meanings, unless the context clearly indicates otherwise.

(1) First purchaser--Any person purchasing gas and/or condensate from a producer.

(2) Processor--Any person processing gas, under contract or other arrangement with a producer, for the purpose of extracting liquid hydrocarbons or other products from the gas.

(b) Persons required to file the purchaser/processor report.

(1) All first purchasers taking delivery of gas on the lease from which the gas was produced must file the purchaser/processor report. All first purchasers of condensate must file the purchaser/processor report.

(2) All processors processing gas and taking delivery on the lease from which the gas was produced must file the purchaser/processor report.

(c) Information required to be reported.

(1) The first purchaser must report the following:

(A) the name of the operator of the lease, unless the purchase is being made from an interest owner taking in-kind, in which case the name of the interest owner shall be reported;

(B) the name of the lease;

(C) the volume purchased;

(D) the entire value paid to the producer excluding severance tax reimbursement; and

(E) the value upon which the purchaser remits tax.

(2) The processor must report the following:

(A) the name of the operator of the lease, unless gas is being processed for an interest owner taking in-kind, in which case the name of the interest owner shall be reported;

(B) the name of the lease;

(C) the total volume processed;

(D) the entire value, excluding severance tax reimbursement, paid to the producer by the processor for the gas stream processed;

(E) the value upon which the processor remits tax; and

(F) if products are being taken in-kind by the producer.

Notes

34 Tex. Admin. Code § 3.26

The provisions of this §3.26 adopted to be effective June 2, 2013, 38 TexReg 3355