Fillable Form 10-158 - Crude Oil Tax - Producer Report

Form 10-158 (Back)(Rev.4-08/2)

INSTRUCTIONS FOR COMPLETING

TEXAS CRUDE OIL TAX PRODUCER REPORT

WHO MUST FILE - Every crude oil producer who is authorized by the Comptroller to report monthly must file this report. The report must be filed

even if no transactions are reported. If you are no longer active, blacken the box labeled "FINAL REPORT" (2), and enter the date you became

inactive

WHEN TO FILE - This report must be filed on or before the 25th day of each month covering transactions of the previous month. If the due date

falls on a Saturday, Sunday or legal holiday, the next business day will be the due date.

FOR ASSISTANCE - For assistance, please call (800) 252-1384 toll free nationwide. The Austin number is (512) 463-4600. Forms and additional

information are available online at Our e-mail address is tax.help@cpa.state.tx.us.

GENERAL INFORMATION

Producers required to file this report must report ALL taxable disposition of crude oil produced even if the purchaser is paying the tax.

Do not change any data preprinted in a reporting block. If the data is not correct, use a blank block and report the correct information. Printed

blocks not used will be deleted from your preprinted reports after four consecutive months.

Round the volume in each reported item to the nearest barrel. Two decimals are required on all dollar values.

Do not report corrections to previous periods on this report. You must use the "Amended Crude Oil Tax - Producer Report" (Form 10-168) to

correct previously reported data or to report items omitted from your original producer report.

SUMMARY DATA INSTRUCTIONS

Item 1. Total of all taxable barrels (Item 16) from lease detail supplement(s). Enter whole numbers.

Item 2. Total of all net taxable values (Item 20) from lease detail supplement(s). Enter dollars and cents.

Item 3. Calculate the regulatory tax and fee assessment. Multiply total taxable barrels from Item 1 by the regulatory tax and fee assessment rate.

The current rate is 0.008125 which is a combined total of the Oil Field Clean-up Fee of $0.00625 and the Regulatory Tax of $0.001875 per

barrel.

Item 4. Calculate the tax due. Multiply total net taxable value from Item 2 by 0.046 (4.6%). Enter dollars and cents.

Item 5. Total tax and fee due is the total of the values in Items 3 and 4. Enter dollars and cents.

Item 6. Overpayment. If using a credit in another period(s) to offset tax and fee due, a "Credit Transfer Form for Crude Oil Tax" (Form 10-141)

must be completed in order to move the credit.

Item 7. Subtract the amount of overpayment, if applicable, from Item 5 and enter the amount due.

Item 8. Calculate the penalty and interest due on the balance. If payment is 1-30 days late, a 5% penalty is assessed on the tax balance due on

the due date. If a balance is remaining after 30 days, an additional 5% penalty is assessed on the tax balance due. Interest begins to

accrue on the 61st day after the due date. The interest rate varies annually. For current rate information, call the Comptroller toll free at

(877) 447-2834 or visit our Web site at

Item 9. Enter the total amount due in Item 9. The check should equal the amount due and is payable to the STATE COMPTROLLER.

Form 10-158 - Crude Oil Tax - Producer Report - 2008/2 Page 2