2013 Kentucky Revised Statutes CHAPTER 353 - MINERAL CONSERVATION AND DEVELOPMENT 353.205 Department to release production data on crude oil and natural gas.
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353.205 Department to release production data on crude oil and natural gas.
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The Department of Revenue shall submit to the department on or before
September 1 of each year, beginning in 1995 for 1994 production data,
statistics on crude oil as reported to the Department of Revenue under the
crude oil excise tax requirements of KRS Chapter 137 and statistics on natural
gas production as reported to the Department of Revenue under the natural
resources severance tax requirements of KRS Chapter 143A.
The department shall organize the information it receives from the Department
of Revenue into a standard format, and shall make it available for public
release no earlier than January 1 nor later than March 1 of the following year,
with the exception of the first year, when data shall be made available by
September 1, 1996. The information shall be open for public inspection and
available for sale at the offices of the department. The department may allow
the Kentucky Geological Survey to use the production information in ongoing
research as soon as it is obtained from the Department of Revenue, so long as
the information is not released to the public before January 1 of the year after it
is reported.
The Department of Revenue shall submit to the department the oil and gas
production data which was reported in years prior to 1995, and the department
shall make this information available for public release when it has been
processed.
Effective:June 20, 2005
History: Amended 2005 Ky. Acts ch. 85, sec. 686, effective June 20, 2005. -Created 1994 Ky. Acts ch. 326, sec. 2, effective July 15, 1994.
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