15 AAC 55.052. Reasonable allowance for processing gas in a gas processing plant and for transporting gas from its point of production to a gas processing plant

Under AS 43.55.900 (7)(B) and (C), the reasonable allowance for processing gas at a gas processing plant that is located in the state and that has a yearly average throughput of more than one billion cubic feet of gas per day, and for transporting the gas from its point of production to that gas processing plant is $.85 per barrel for taxable NGLs and $.20 per Mcf for taxable residue gas. The cost of gas used as fuel in the gas processing plant to extract or process taxable NGLs and residue gas, including production tax payable on that gas used as fuel, is included in this allowance. This allowance is net of the liability for production tax on that gas used as fuel. A production tax need not be separately paid on that gas used as fuel except when the cents-per-Mcf amount applies under AS 43.55.016 and 15 AAC 55.050.

History: Eff. 1/1/2000, Register 152

Authority: AS 43.05.080

AS 43.55.016

AS 43.55.110

AS 43.55.900

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