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Alaska Administrative Code (Last Updated: January 12, 2017) |
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Title 11. Natural Resources. |
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Part 11.1. Office of the Commissioner. |
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Chapter 11.25. Royalty Election Under Alaska Gasline Inducement Act. |
Section 11.25.150. Quality bank.
Latest version.
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If a quality bank, NGL bank, or other mechanism is established to compensate or charge persons transporting gas on a pipeline for differences in the relative quality of gas tendered or received, a lessee shall adjust royalty volume or royalty payments to the state based on the same principles used by the quality bank, NGL bank, or other mechanism to compensate or charge a person transporting gas for differences in the relative quality of gas tendered or received.
Authorities
38.05.020;38.05.180;43.90.310