Browse Arkansas Code titles and sections
15-71-108. Purchaser to deduct and remit assessment to commission — Remission by producer.
Arkansas Code — all titles (historical 2020) · legal_authorities
15-71-108. Purchaser to deduct and remit assessment to commission — Remission by producer.
(a) A person purchasing oil in this state at the well or a person selling gas at the first point of sale under a contract or agreement requiring payments for production to the respective owners thereof, in respect of which production any sums assessed under the provisions of § 15-71-107 are payable to the Oil and Gas Commission, is authorized, empowered, and required to deduct from any sum so payable to a person the amount due the commission by virtue of the assessment and remit that sum to the commission.
(b) A person taking oil or gas from a well in this state for use or resale, in respect of which production any sums assessed under the provisions of § 15-71-107 are payable to the commission, shall remit any sum so due to the commission in accordance with the commission's rules.
Source: Arkansas Code — historical release 78 (November 6, 2020) · 15-71-108
Stored review status: Historical 2020-11-06 source release; later amendments not reconciled; machine-extracted, not independently legally reviewed; source heading status: text_in_historical_source. A text match is a research starting point; applicability is not established.
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Stable record: arkansas_code:legal_authorities:15-71-108
Source file: gov.ar.code.title.15.odt
Pages: Not recorded – Not recorded
Passage SHA-256: 9386ede43d82563e5020ab0492521dcffd4906122a8defe0abb1bf3bfb1b878c
Source location: content.xml paragraph 23224
Stored source content
15-71-108. Purchaser to deduct and remit assessment to commission — Remission by producer.
(a) A person purchasing oil in this state at the well or a person selling gas at the first point of sale under a contract or agreement requiring payments for production to the respective owners thereof, in respect of which production any sums assessed under the provisions of § 15-71-107 are payable to the Oil and Gas Commission, is authorized, empowered, and required to deduct from any sum so payable to a person the amount due the commission by virtue of the assessment and remit that sum to the commission.
(b) A person taking oil or gas from a well in this state for use or resale, in respect of which production any sums assessed under the provisions of § 15-71-107 are payable to the commission, shall remit any sum so due to the commission in accordance with the commission's rules.
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Arkansas Code — all titles (historical 2020) · legal_authorities
15-71-107. Control or regulation of oil and gas production — Assessment on production — Use of money — Increase in assessment.
(a)(1) All common sources of supply of crude oil discovered after January 1, 1937, if so found necessary by the Oil and Gas Commission, shall have the production of oil therefrom controlled or regulated in accordance with the provisions of this act.
(2)(A)(i) The commission is authorized to assess from time to time against each barrel of oil produced and saved a charge not to exceed fifty (50) mills on each barrel.
(ii) The charge that may be assessed pursuant to this subsection shall apply to each barrel of oil produced and saved, including that from common sources of supply discovered prior to January 1, 1937.
(B) All moneys so collected shall be used solely to pay the expenses and other costs in connection with the administration of this law.
(b)(1) All common sources of supply of natural gas discovered after January 1, 1937, if so found necessary by the commission, shall have the production of gas therefrom controlled or regulated in accordance with the provisions of this act.
(2)(A)(i) The commission is authorized to assess from time to time against each one thousand cubic feet (1,000 cu. ft.) of gas produced and saved from a gas well a charge not to exceed ten (10) mills on each one thousand cubic feet (1,000 cu. ft.) of gas.
(ii) The charge that may be assessed pursuant to this subsection shall apply to each one thousand cubic feet (1,000 cu. ft.) of natural gas produced and saved, including that from common sources of supply discovered prior to January 1, 1937.
(B) All moneys collected under subdivision (b)(2)(A)(i) of this section shall be used as follows:
(i) The first four and one-half (4½) mills of each gas assessme
Source: Arkansas Code — historical release 78 (November 6, 2020) · 15-71-107
Stored review status: Historical 2020-11-06 source release; later amendments not reconciled; machine-extracted, not independently legally reviewed; source heading status: text_in_historical_source. The source passage cites 15-71-107. This identifies an authority to review, not proof of applicability.