N.D. Admin. Code 43-02-10-03

Current through Supplement No. 394, October, 2024

Section 43-02-10-03 - Commission certification of secondary recovery project

Upon the filing of an application for certification of a qualifying secondary recovery project, the commission shall promptly set a date for hearing. In determining whether a secondary recovery project shall be certified as a "qualifying secondary recovery project", the commission shall determine:

1. The amount of crude oil which would have been recovered from the unit source of supply if the secondary recovery project had not been commenced; and

2. Whether, for the purposes of a tax exemption and subsequent thereto the tax reduction, there has been incremental production.

N.D. Admin Code 43-02-10-03

Effective May 1, 1992.

Amended by Administrative Rules Supplement 2024-392, April 2024, effective 4/1/2024.

General Authority: NDCC 38-08-04

Law Implemented: NDCC 38-08-04, 57-51.1-03