11 Alaska Admin. Code § 83.235
A retroactive redetermination of the quantity of oil or gas previously allocated to a NPSL or to a NPSL lessee's working interest ownership, including a retroactive redetermination of royalty or overriding royalty volumes, is not an extraordinary production revenue or loss under 11 AAC 83.231. When the quantity of oil or gas previously allocated to a NPSL or to a NPSL lessee's working interest ownership is retroactively redetermined due to a retroactive change approved by the commissioner in volumetric tract production allocation factors or due to the correction of a volumetric error, all revenues, costs, and expenses previously determined by volumetric tract production allocation factors, including interest on the development account, must be retroactively restated for the development account, the production revenue account, and the net profit payment account in accordance with that quantity redetermination. Expenditures previously allocated to a NPSL on a reasonable basis other than volumetric tract production factors are not required to be restated retroactively.
11 AAC 83.235
Authority:AS 38.05.020
AS 38.05.180