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§ 288.2. Definitions

Oklahoma Statutes AnnotatedTitle 52. Oil and Gas

Oklahoma Statutes Annotated
Title 52. Oil and Gas (Refs & Annos)
Chapter 3. Conservation of Oil and Gas
Oklahoma Energy Education and Marketing Act
52 Okl.St.Ann. § 288.2
§ 288.2. Definitions
Currentness
As used in the Oklahoma Energy Education and Marketing Act, Section 288.1 et seq. of this title:
1. “Board” means the Oklahoma Energy Resources Board;
2. “Person” means any individual, group of individuals, or any partnership, corporation, association, cooperative, or employee thereof, or any other entity;
3. “Independent producer” means any person:
a. who produces oil or natural gas and is not engaged in refining or marketing of such products, or
b. who derives a majority of his or her oil- or natural gas-related income from working interest;
4. “Major oil company” means any person who produces oil or natural gas in the State of Oklahoma and who is a retailer as defined in IRS Code Sec. 613A (d)(2)1 or a refiner as defined in Sec. 613A (d)(4) of the Code2 or is a subsidiary, directly or indirectly, of a company that is classified as a major oil company as defined herein; and
5. “Qualified independent producer association” means an entity in existence as of January 1, 1992, that is organized and operating within the state, a majority of whose governing body are independent producers and which represents the independent oil or natural gas industry on a statewide basis.

Credits

Laws 1992, c. 257, § 2, eff. Sept. 1, 1992; Laws 1993, c. 184, § 2, eff. Oct. 1, 1993; Laws 1996, c. 352, § 1; Laws 1997, c. 2, § 11, emerg. eff. Feb. 26, 1997.

Footnotes

1
26 U.S.C.A.§ 613A(d)(2).
2
26 U.S.C.A.§ 613A(d)(4).
52 Okl. St. Ann. § 288.2, OK ST T. 52 § 288.2
Current with emergency effective legislation through Chapter 29 of the Second Regular Session of the 59th Legislature (2024). Some sections may be more current, see credits for details.
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