I would like to know what is the Louisiana oil severance tax rate (percent) as identified on a monthly check statement?
Tags:
If One eighth of what you are paid, it would seem that the State of La would have an interest in the price paid being correct. Do they ever get involved with gas prices being paid on a lease? Is the State's payment dependent on your lease terms?
1/8th or 12.5% is the: "full rate oil/condensate" for La. severance tax. Also, the NG rate is different than the oil tax rate.
But certain wells, e.g., stripper wells, are only required to pay 3.125%.
Here's the actual tax percentages for the variety of wells.
Oil/Condensate/Similar Natural Resources | Per barrel of 42 gallons |
---|---|
Full rate oil/condensate | 12.5% of value |
Incapable oil rate [R.S. 47:633(7)(b)] | 6.25% of value |
Stripper oil rate* [R.S. 47:633(7)(c)] | 3.125% of value |
Reclaimed oil [R.S. 47:648.21] | 3.125% of value |
Produced water-full rate [R.S. 47:633.5(C)(1)] | 10.0% of value |
Produced water-incapable oil rate [R.S. 47:633.5(C)(1)] | 5.0% of value |
Produced water-stripper oil rate [R.S. 47:633.5(C)(1)] | 2.5% of value |
* Stripper oil is exempt as long as the average posted price for a 30-day period is less than $20 per barrel.
Gosh Darn --
What is the rate for natural gas?
Martin:
For La. severance tax, the full NG rate is:
a. Full Rate - 7/1/13 to 6/30/14 [R.S. 47:633(9)(d)(i)] | $.118 per MCF |
The tax rate for natural gas and equivalent gas volumes of natural gasoline, casinghead gasoline, and other natural gas liquids per 1,000 cubic feet at a base pressure of 15.025 pounds per square inch absolute and at 60 degrees Fahrenheit is adjusted annually on July 1 and may never be less than 7 cents.
Type | Rate |
---|---|
a. Full Rate - 7/1/13 to 6/30/14 [R.S. 47:633(9)(d)(i)] | $.118 per MCF |
b. Incapable oil-well gas [R.S. 47:633(9)] | $.03 per MCF |
c. Incapable gas-well gas [R.S. 47:633(9)] | $.013 per MCF |
d. Produced water-full rate 7/1/13 to 6/30/14 {R.S. 47:633.5(C)(2)] | $.094per MCF |
e. Produced water-incapable oil-well gas [R.S. 47:633.5(C)(2)] | $.024 per MCF |
f. Produced water-incapable gas-well gas [R.S. 47:633.5(C)(2)] | $.0104 per MCF |
The History of GoHaynesvilleShale.com
GoHaynesvilleShale.com (GHS) was launched in 2008 during a pivotal moment in the energy industry, when the Haynesville Shale formation—a massive natural gas reserve lying beneath parts of northwest Louisiana, east Texas, and southwest Arkansas—was beginning to attract national attention. The website was the brainchild of Keith Mauck, a landowner and entrepreneur who recognized a pressing need: landowners in the region had little access to…
ContinuePosted by Keith Mauck (Site Publisher) on May 21, 2025 at 6:00
246 members
359 members
121 members
193 members
146 members
400 members
101 members
150 members
166 members
9 members
© 2025 Created by Keith Mauck (Site Publisher).
Powered by
h2 | h2 | h2 |
---|---|---|
AboutAs exciting as this is, we know that we have a responsibility to do this thing correctly. After all, we want the farm to remain a place where the family can gather for another 80 years and beyond. This site was born out of these desires. Before we started this site, googling "shale' brought up little information. Certainly nothing that was useful as we negotiated a lease. Read More |
Links |
Copyright © 2017 GoHaynesvilleShale.com