Tenn. Comp. R. & Regs. 0400-54-03-.05
Each producer of oil and such producer of condensate from a gas well, where produced in liquid form at the wellhead by ordinary production methods or as Calculated Theoretical Condensate, defined as the amount of condensate (allocated back to lease) that normally would be separated by conventional methods from natural gas well volumes flowing full stream directly to a plant without any condensate separation having been made at lease or a plant, shall furnish for each year an Annual Well Report (Form CN-1272) pursuant to Rule 0400-52-10-.06 setting forth complete information and data indicated by such reports respecting oil produced from every lease operated by said producer and respecting condensate produced from gas wells at the wellhead in liquid form by ordinary production methods from each lease operated by said producer.
Tenn. Comp. R. & Regs. 0400-54-03-.05
Authority: T.C.A §§ 60-1-201 et seq., and 4-5-201 et seq.