Arizona Laws 42-14103. Annual report for determining valuation; violation; classification
A. On or before April 1 of each year each producer shall make and file with the department a return showing the producer’s gross production and gross yield from each of the producer’s producing properties for the immediately preceding calendar year. On request and for good cause the department may grant a thirty day extension of time for filing the report.
Attorney's Note
Under the Arizona Laws, punishments for crimes depend on the classification. In the case of this section:| Class | Prison | Fine |
|---|---|---|
| Class 2 misdemeanor | up to 4 months | up to $750 |
Terms Used In Arizona Laws 42-14103
- Department: means the department of revenue. See Arizona Laws 42-1001
- Gas: means :
(a) Natural gas, including casinghead gas. See Arizona Laws 42-14101
- Gross production: means all oil, gas or geothermal resources that are produced and saved except:
(a) Any interest of the United States or this state or of any other person or entity that is exempt under the laws of the United States or the constitution or laws of this state in any oil, gas or geothermal resources or in the proceeds of oil, gas or geothermal resources. See Arizona Laws 42-14101
- Gross yield: means the amount for which the gross production is sold in the immediate vicinity of the well or, if not sold on the property, the field or posted price or representative market price at the well of oil, gas or geothermal resources that are transported from the property. See Arizona Laws 42-14101
- Oil: means crude petroleum oil and other hydrocarbons regardless of gravity that are produced at the well in liquid form by ordinary production methods and that are not the result of condensation of gas after it leaves the reservoir. See Arizona Laws 42-14101
- Producer: means a person who owns, controls or leases, either as lessor or lessee, or who has any other interest in oil, gas or geothermal resource lands or oil, gas or geothermal resource wells on January 1 of each year if any person produced any oil, gas or geothermal resource in any manner from the lands or wells during the preceding calendar year. See Arizona Laws 42-14101
- production: means any taking of oil or gas from any land in this state that is under the state's jurisdiction. See Arizona Laws 42-14101
- Property: includes both real and personal property. See Arizona Laws 1-215
B. The report shall show the county in which the production took place and the description of the property from which the oil, gas or geothermal resource was produced.
C. The producer or the producer’s authorized representative shall verify the report.
D. A producer who knowingly fails to file the report prescribed by this section or who knowingly files a false report is guilty of a class 2 misdemeanor.