Section 11.83.242. Royalty.

	(a)  The amount of royalty in value to the state, if any, for each NPSL that is accrued during a month by or for a lessee, including a shut-in or minimum royalty, is a debit to the lessee's production revenue account.  
	(b)  The value at the point of production (determined on the basis of the value at the point of production for the lessee's production interest at the time the royalty is delivered) of royalty to the state for a NPSL that is delivered in kind by or for a lessee during a month is a debit to the lessee's production revenue account.  
	(c)  For purposes of this section, "royalty" does not include the lessee's net profit share payment due the state.  

Authorities

38.05.020;38.05.180

Notes

Reference

11 AAC 83.207
11 AAC 83.209
11 AAC 83.231
11 AAC 83.241

Authority

AS 38.05.020 AS 38.05.180

History

Eff. 11/9/79, Register 72