Form O And G Production-1 - Oil And Gas Producer'S Tax Return Page 2
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1
2Instructions On Filing The
Oil and Gas Producer’s Return
All producers who have an interest in an oil or gas well in the state of Alabama are required to file a monthly producer’s
return regardless of who has responsibility for remitting the actual severance tax. The volumes reported and taxable value
should be actual deliveries and not entitlement. Each month’s related production and sales should be filed on a separate
return. Corrections should be made on a separate amended return for each production month by replacing the previously
filed return with a replacement return and reporting any additional tax due in the “TOTAL TAX REMITTED” box.
The “Amended Return” box must be checked on the O&G Production-1 form.
O&G Production-1 Form
The O&G Production-1 form is a cover sheet for the monthly severance tax return (form O&G Production-2). The individual
counties, municipalities and the tax rates are consolidated on this sheet from the O&G Production-2 form(s). The inventories,
production, and sales are reconciled for all the wells. All purchasers of the products are listed with their respective volumes
and values, for the quantities purchased.
FEIN: Federal Employer’s Identification Number issued to the company by the Federal Government.
Taxpayer and Mailing Address: Name the company is doing business under in the state of Alabama and the address used.
Contact Person and Telephone: Person to contact and their telephone number when questions regarding a tax return arise.
Production Period – Month/Year: The production period for which the report is being filed.
O&G Production-2 Form
The O&G Producer-2 form is a schedule which lists the individual wells separated by county, municipality and privilege tax
rate. Each county, municipality and different applicable privlege tax rate is required to be on a separate form.
Well/Unit Name: The name of the well or unit as registered with the Alabama State Oil and Gas Board. Note: A unitized
field should be reported as unit volumes versus the individual wells.
Permit Number: The number assigned to the well/unit by the Alabama State Oil and Gas Board.
Production Code: Codes representing the commodity the company is selling and remitting severance tax on for the produc-
ers.
100% Production: This is the 100% production applicable to the well. Note: This is not just the producer's interest in the well.
Non-operators, if this data is not available, please write in “NON-OP”.
Purchaser’s Liability Volume: The volume the purchaser is responsible for remitting taxes on for the producers.
Purchaser’s Liability Value: The amount paid for the volumes on which the purchaser is responsible for remitting taxes on
for the producers.
Producer’s Liability Volume: The volume the producer is liable for remitting taxes on.
Producer’s Liability Value: The gross value for which the producer is receiving for the product. This value should equate
to the purchaser's remittance statement.
Exempt Interest: The percentage amount which is exempt from Severance Tax which has been approved by the Alabama
Department of Revenue, Severance & License Section. Approval must be granted prior to deduction being taken.
Other: Any other deductions which are not subject to severance taxes.
Producer’s Net Taxable Value: The Purchased Value less the deductions.
TIK Volume: The volume applicable to other working interest owners who are taking their interest in kind and remitting
individual severance taxes. These volumes are actual deliveries not entitlement, and are listed by producer.
TIK Producer: The name of the producer taking share of production in kind.
Wells in operation: ____________
Check here if you are a Non-Operator
PLANT PRODUCTS
OIL / CONDENSATE
GAS
Beginning
Gals
Bbls
MCF
Production during month
Gals
Bbls
MCF
Sold during month
Gals
Bbls
MCF
Used during month
Gals
Bbls
MCF
Closing inventory
Gals
Bbls
MCF
PRODUCT
GALS / BBLS / MCF
PURCHASERS
VALUE
SOLD
CODE
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Parent category: Financial