Form P-5 Organization Report - Railroad Commission Of Texas (Page 2 of 4) in pdf

INSTRUCTIONS

Organization Report (Form P-5)

REFERENCES: Oil & Gas Statewide Rules 1 (Organization Report; Retention of Records; Notice Requirements), 14 (Plugging), 15 (Inactive

Wells and Surface Equipment Requirements), and 78 (Fees, Performance Bonds and Alternate Forms of Financial Security Required To Be

Filed); and Pipeline Safety Statewide Rule 58 (Organization Report). The Railroad Commission’s rules may be found on our website at

WHO MUST FILE FORM P-5: Any entity performing operations within the jurisdiction of the Commission’s Oil & Gas Division in accordance

with Oil and Gas Statewide Rule 1; and each gas and/or liquids company and each master meter operator performing operations within the

jurisdiction of the Commission’s Safety Division in accordance with Pipeline Safety Statewide Rule 58. (Master meter operators filing solely as

required by the Safety Division, see “Special Instructions For Master Metered System Operators” section below.)

WHEN TO FILE FORM P-5:

•

INITIAL FILING – Your initial Organization Report must be filed prior to beginning operations within the Commission’s jurisdiction.

•

RENEWAL FILINGS – Your Organization Report must be refiled annually. The Commission will notify you before your refiling date by

mailing you computer-generated Organization Report forms pre-printed with the information currently shown on your Organization

Report record. Review the information carefully, update as needed, and then sign and submit the Organization Report renewal to the

Commission.

•

CHANGES - If any information provided on your organization report changes, you must submit a revised organization report within

fifteen (15) days of the change, except as noted below:

ADDRESS CHANGES - If the only change is to the organization’s address or telephone number, then you may update that

information by sending a signed letter to the P-5 Financial Assurance Unit. No other information may be updated by letter.

ORGANIZATION NAME CHANGE – If the name of the organization has changed (due to reorganization or change in the form of

business), you must file a new Organization Report in the new name and obtain a new operator number. A new filing submitted

for this purpose should reference the prior name by entering that information in Item No. 7.

SPECIFIC ITEMS ON FORM P-5

No. 1: Check the proper block to show the purpose of filing. More than one block may be checked.

No. 2: Your permanent RRC operator number is assigned after the initial filing of your P-5. Your operator number will be required on most

reports and forms you file with the Commission.

No. 3: “Name of Entity”: For new filings, enter the full name of your organization. If you are required to register with the Texas Secretary of

State, your name shown in Box 3 on the Organization Report should exactly match your name as shown on your Secretary of State

registration, including punctuation. (Due to space limitations, the Commission may abbreviate your name for entry into Commission

systems.)

No. 4: Check the appropriate plan of organization on all filings. Select only one plan of organization.

No. 5: If you are a foreign or non-resident organization (i.e., your organization is located outside of the State of Texas as indicated by the

street address in No. 3), you must designate and maintain a Texas resident agent within the state. A Texas Resident Agent with an

address different from that of the organization may also be designated as an alternative to providing separate addresses for the

officers on Form P-5O (Organization Report Officer Listing).

No. 7: If you have reorganized and changed your organization name, check the box and provide the previous name and operator number.

SPECIAL INSTRUCTIONS FOR MASTER METERED SYSTEM OPERATORS: If the operation of one or more master metered systems is the

only activity for which the Organization Report is being filed, then you should note that in Item No. 8 (Remarks), and observe the following

requirements:

•

The required filing fee for New Filings and Annual Renewals is $225.00.

•

No financial assurance is required for master meter operators.

•

The Organization Report must be filed in the name of the legal entity operating the master meter.

•

The system manager(s) must be identified among the officers on Form P-5O.

•

A listing of all systems for which the filing entity is responsible must be attached to the Organization Report filing.

FILING FEE: Except as noted above, the filing fee for a New Filing (the initial Organization Report filed by an entity) is $300.00. The filing fee

for an Annual Renewal of an entity’s Organization Report will be based on the activities in which the organization is engaged, and may be up to

$1,350.00. See Rule 78. (There is no filing fee for an Organization Report filed solely to update officers, agents and/or addresses.)

FINANCIAL ASSURANCE: Most Commission regulated activities, including the operation of wells and pipelines, will require the operator to file

and maintain some form of financial assurance (such as a bond, letter of credit, or cash deposit) in varying amounts. If the filing operator is

required to maintain financial assurance, any renewal documentation for the financial assurance must be on file for the period covered by the

P-5 Organization Report (plus any additional period following expiration of the Organization Report that may be required by your financial

assurance documents) before the Organization Report renewal can be approved and processed.

EMAIL ADDRESS: YOU ARE NOT REQUIRED TO PROVIDE AN EMAIL ADDRESS when completing and filing this form. Please be aware

that information provided to any governmental body may be subject to disclosure pursuant to the Texas Public Information Act or other

applicable federal or state legislation. IF YOU PROVIDE AN EMAIL ADDRESS, YOU AFFIRMATIVELY CONSENT TO THE RELEASE OF

THAT EMAIL ADDRESS TO THIRD PARTIES. Other departments within the Railroad Commission also may use the email address you

provide to communicate with you.

Mail to: Railroad Commission of Texas

P-5 Financial Assurance Unit

P O Box 12967

Austin, Texas 78711-2967

Form P-5 Organization Report - Railroad Commission Of Texas Page 2

Related Articles

Related forms

Related Categories