Enlarge image | Reset Form PROPERTY SCHEDULE FOR GAS AND OIL WELL ASSESSMENT January 1, ______ State Form 9931 (R12 / 1-2 )3 FORM G & O-1 Prescribed by the Department of Local Government Finance PRIVACY NOTICE The records in this series are confidential; however, an oil or gas interest listed on the INSTRUCTIONS: delinquent property tax list may be disclosed to the public according to IC 6-1.1-35-9(g). 1. File separate schedule for each gas and oil lease. 2. The form is to be filed with the appropriate township or county assessor not later than May 15. 3. Pursuant to IC 6-1.1-4-12.6, failure to file this form on or before May 15 will result in a $25 penalty and an additional 10% penalty for failure to file this form within thirty (30) days after the May 15 due date. 4. Gas and oil interests are assessable per IC 6-1.1-4-12.4 and IC 6-1.1-4-12.6. SECTION 1 TAXPAYER INFORMATION Name of Taxpayer Telephone Number ( ) Address (number and street, city, state, and ZIP code) (Check One) Contact Person ☐ Owner ☐ Operator Title of Contact Person Email Address of Contact Person SECTION 2 LEASE INFORMATION Location County Township DLGF Taxing District Number Lease Section Range Acres Legal Description ☐ Check if the well is an oil well using secondary recovery method. Also check if the well stimulates oil production by means of injection of water, steam, hydrocarbons, or chemicals, or by means of in situ combustion. (IC 6-1.1-4-12.6) SECTION 3 FACTORS FOR BASIS OF ASSESSMENT A. Price Per Unit of Gas or Oil on Assessment Date (per DLGF) 3A. Per MCF or barrels B. Average Daily Production of Gas or Oil 3B. C. Annual Production Value (multiply Line 3A by Line 3B by 365) 3C. D. Enter 0.5 if Secondary Recovery Method In Use 3D. Enter 1.0 if Initial Recovery Method E. Interest in Gas or Oil Rights (multiply Line 3C by Line 3D) 3E. F. Appurtenances – Enter Number of Wells 3F. G. Enter Value of Single Well Appurtenance (per DLGF) 3G. H. Total Value of Appurtenance (multiply Line 3F by Line 3G) 3H. I. Total Basis of Working Interest Assessment (Sum Line 3E and Line 3H and enter here and on Line 5A) 3I. SECTION 4 COMPUTATION OF ROYALTY INTEREST ASSESSMENT A. Interest in Gas or Oil Rights (from Line 3E) 4A. B. Basis for Royalty Assessment (multiply Line 4A by 1.50) 4B. C. Enter Royalty Interest Factor (for example, 0.1250 for 1/8 interest) 4C. D. Total Royalty Interest Assessment Subject to Allocation on Page 2 (multiply Line 4B by Line 4C) 4D. SECTION 5 COMPUTATION OF WORKING INTEREST ASSESSMENT A. Total Basis of Working Interest Assessment (from Line 3I) 5A B. Enter Total Royalty Interest Assessment (from Line 4D) 5B. C. Working Interest Factor Working Interest Assessment (subtract Line 5B from Line 5A) 5C. Page 1 of 2 |
Enlarge image | INSTRUCTIONS FOR ALLOCATION OF INTERESTS: 1. Enter in Column 1 an R for a royalty interest or a W for a working interest. 2. Enter in Column 2 the decimal equivalent for the interest in the entire property (for example, 0.1250 for a 1/8 royalty interest). The entries in this column should total 1.0000. 3. Enter in Column 3 the decimal equivalent of the partial interest in the particular interest noted in Column 2 (for example, 0.5000 for a ½ interest in the 1/8 royalty interest). The entries in this column for a particular interest type (R or W) should total 1.0000. 4. Multiply the interest in Column 3 by the respective assessment subject to allocation and enter the result in Column 4. NOTE: the sum of the entries should equal the sum of Line 4D and Line 5C. FORM G & O-1 ALLOCATION OF ROYALTY AND WORKING INTEREST ASSESSMENTS ASSESSMENT SUBJECT TO ALLOCATION (enter from Page 1) COLUMN COLUMN COLUMN COLUMN Royalty Interest (Line 4D) ____________ Working Interest (Line 5C) ____________ 1 2 3 4 OWNER ADDRESS (number and street, city, state, and ZIP code) INTEREST TYPE INTEREST FACTOR INTEREST FACTOR CALCULATED (R or W) IN PROPERTY WITHIN TYPE ASSESSMENT ACKNOWLEDGMENT AND CERTIFICATION Under the penalties of perjury, I hereby certify that this schedule to the best of my knowledge and belief is true, correct, complete, and reports the production and well information under this lease. Signature Printed Name (type or print) Date Signed (month, day, year) Address (number and street, city, state, and ZIP code) NOTARY STATE OF: COUNTY OF: Before me, a notary public in and for said state and county, personally appeared, this _______ day of _______________________________, 20 __________, the owner/operator or a person duly authorized to sign for and on behalf of said lessee, who acknowledged the execution of this return as the voluntary act and deed of the owner/operator. Signature of Notary County of Residence Name of Notary (type or print) Date Commission Expires (month, day, year) Page 2 of 2 |