(a) A person purchasing oil in this state at the well or a person selling gas at the first point of sale under a contract or agreement requiring payments for production to the respective owners thereof, in respect of which production any sums assessed under the provisions of § 15-71-107 are payable to the Oil and Gas Commission, is authorized, empowered, and required to deduct from any sum so payable to a person the amount due the commission by virtue of the assessment and remit that sum to the commission.
(b) A person taking oil or gas from a well in this state for use or resale, in respect of which production any sums assessed under the provisions of § 15-71-107 are payable to the commission, shall remit any sum so due to the commission in accordance with the commission's rules.
Section: Previous 15-71-102 15-71-103 15-71-104 15-71-105 15-71-106 15-71-107 15-71-108 15-71-109 15-71-110 15-71-111 15-71-112 15-71-113 15-71-114 15-71-115 NextLast modified: November 15, 2016