522.150 Payment of expenses for Interstate Oil Compact Commission and operation of Division; administrative fee.
1. Any expenses in connection with Nevada’s affiliation with the Interstate Oil Compact Commission must be paid from the Account for the Division of Minerals created pursuant to NRS 513.103.
2. To pay the expenses of the Division, every producer of oil or natural gas in this state shall, on or before the last day of each month, report to the Division and the State Treasurer his or her production in this state of oil in barrels and of natural gas in thousands of cubic feet during the preceding month, and at the same time shall pay to the Division a fee in an amount established pursuant to subsection 3 on each barrel of oil and each 50,000 cubic feet of natural gas produced and marketed by the producer during the preceding month. The Division shall deposit with the State Treasurer, for credit to the Account for the Division of Minerals, all money received pursuant to this subsection. Every person purchasing such oil or natural gas is liable for the payment of the fee for each barrel of oil or each 50,000 cubic feet of natural gas, unless it has been paid by the producer.
3. The Commission on Mineral Resources shall, by regulation, establish the administrative fee required pursuant to subsection 2 in an amount not to exceed 20 cents for each barrel of oil or each 50,000 cubic feet of natural gas.
522.150 Payment of expenses for Interstate Oil Compact Commission and operation of Division; administrative fee.
1. Any expenses in connection with Nevada’s affiliation with the Interstate Oil Compact Commission must be paid from the Account for the Division of Minerals created pursuant to NRS 513.103.
2. To pay the expenses of the Division, every producer of oil or natural gas in this state shall, on or before the last day of each month, report to the Division and the State Treasurer his or her production in this state of oil in barrels and of natural gas in thousands of cubic feet during the preceding month, and at the same time shall pay to the Division a fee in an amount established pursuant to subsection 3 on each barrel of oil and each 50,000 cubic feet of natural gas produced and marketed by the producer during the preceding month. The Division shall deposit with the State Treasurer, for credit to the Account for the Division of Minerals, all money received pursuant to this subsection. Every person purchasing such oil or natural gas is liable for the payment of the fee for each barrel of oil or each 50,000 cubic feet of natural gas, unless it has been paid by the producer.
3. The Commission on Mineral Resources shall, by regulation, establish the administrative fee required pursuant to subsection 2 in an amount not to exceed 20 cents for each barrel of oil or each 50,000 cubic feet of natural gas.
522.150 Payment of expenses for Interstate Oil Compact Commission and operation of Division; administrative fee.
1. Any expenses in connection with Nevada’s affiliation with the Interstate Oil Compact Commission must be paid from the Account for the Division of Minerals created pursuant to NRS 513.103.
2. To pay the expenses of the Division, every producer of oil or natural gas in this state shall, on or before the last day of each month, report to the Division and the State Treasurer his or her production in this state of oil in barrels and of natural gas in thousands of cubic feet during the preceding month, and at the same time shall pay to the Division a fee in an amount established pursuant to subsection 3 on each barrel of oil and each 50,000 cubic feet of natural gas produced and marketed by the producer during the preceding month. The Division shall deposit with the State Treasurer, for credit to the Account for the Division of Minerals, all money received pursuant to this subsection. Every person purchasing such oil or natural gas is liable for the payment of the fee for each barrel of oil or each 50,000 cubic feet of natural gas, unless it has been paid by the producer.
3. The Commission on Mineral Resources shall, by regulation, establish the administrative fee required pursuant to subsection 2 in an amount not to exceed 20 cents for each barrel of oil or each 50,000 cubic feet of natural gas.
