Section 15.55.163. Valuation of oil run through a North Slope field topping plant.

	(a)  This section applies to oil run through a field topping plant in the Alaska North Slope area that is not returned and blended back into a production stream upstream of a point of production for oil.  
	(b)  The gross value per barrel at the point of production for the oil is the prevailing value for that month determined under 15 AAC 55.171(g) multiplied by 1.2.  
	(c)  The gross value determined under this section includes and is in place of the value of all pertinent cash receipts and disbursements between the owners of a field topping plant and the working interest owners of the oil run through the field topping plant.  

Authorities

43.05.080;43.55.011;43.55.020;43.55.030;43.55.040;43.55.150;43.55.190

Notes

Reference

15 AAC 55.151
15 AAC 55.260

Authority

AS 43.05.080 AS 43.55.011 AS 43.55.020 AS 43.55.030 AS 43.55.040 AS 43.55.150 AS 43.55.190

History

Eff. 1/1/2003, Register 164