Texas Tax Code § 204.001 Definitions

Sec. 204.001. DEFINITIONS. In this chapter:

(1) "Commission" means the Railroad Commission of Texas.

(2) "Field" means an accumulation of oil or gas or both that is not in natural pressure communication or otherwise connected to any other accumulation of oil or gas or both.

(3) "New field" means a field that has been certified by the commission as a previously unrecognized and unidentified field.

(4) "Discovery well" means an oil or gas well by which a new field discovery is made.

(5) "Spud" means the initial penetration of the earth by the drill bit for an oil or gas well under proper permit from the commission.

(6) "Completed" means the well has been equipped to produce hydrocarbons and the commission has been notified as required by commission rules.

Added by Acts 1993, 73rd Leg., ch. 1014, Sec. 1, eff. Sept. 1, 1993.

Section: 204.001  204.002  204.003  204.004  204.005  204.006  204.007  204.008  204.009  Next

Last modified: September 28, 2016