NRS 522.150 Payment of expenses for affiliation with Interstate Oil and Gas Compact Commission; submission of monthly production report and payment of administrative fee by producers; establishment of administrative fee by regulation.

284 words·~1 min read·/nv/chapter-522-oil-and-gas/522-150·

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1. Any expenses in connection with Nevada’s affiliation with the Interstate Oil and Gas Compact Commission must be paid from the Account for the Division of Minerals created pursuant to NRS 513.103 .

2. For the purpose of paying the expenses of the Division, each producer of oil or natural gas in this state shall, on or before the last day of each month, report to the Division and the State Treasurer the producer’s production in this state of oil in barrels and of natural gas in thousands of cubic feet during the immediately preceding month, and shall pay to the Division, concurrently with the submission of the report, a fee in an amount established pursuant to subsection 3 on each barrel of oil and each 50,000 cubic feet of natural gas produced and marketed by the producer during the immediately preceding month.

The Division shall deposit with the State Treasurer, for credit to the Account for the Division of Minerals, all money received pursuant to this subsection. Each person purchasing such oil or natural gas is liable for the payment of the fee for each barrel of oil or each 50,000 cubic feet of natural gas, unless the fee has been paid by the producer.

3. The Commission on Mineral Resources shall, by regulation, establish the administrative fee required pursuant to subsection 2 in an amount not to exceed 30 cents for each barrel of oil or each 50,000 cubic feet of natural gas.

INTERSTATE COMPACT TO CONSERVE OIL AND GAS