Indiana § 6-8-1-5 "Petroleum", "natural gas", "oil", and "barrel of oil" defined

Indiana Statutes

§ 6-8-1-5 — "Petroleum", "natural gas", "oil", and "barrel of oil" defined

Indiana·Art. 8 MISCELLANEOUS·Ch. 1 Petroleum Severance Tax

(a)As used in this chapter, "petroleum" means all hydrocarbons produced at a well in a liquid or gaseous state.

(b)As used in this chapter, "natural gas" means petroleum that maintains a gaseous state at atmospheric conditions.

(c)As used in this chapter, "oil" means petroleum that maintains a liquid state at atmospheric conditions.

(d)As used in this chapter, "barrel of oil" means forty-two (42) U.S. gallons of oil at sixty degrees Fahrenheit (60° F). Formerly: Acts 1947, c.278, s.5. As amended by P.L.109-1988, SEC.9.

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(a) As used in this chapter, "petroleum" means all
hydrocarbons produced at a well in a liquid or gaseous state.
(b) As used in this chapter, "natural gas" means petroleum that
maintains a gaseous state at atmospheric conditions.
(c) As used in this chapter, "oil" means petroleum that maintains a
liquid state at atmospheric conditions.
(d) As used in this chapter, "barrel of oil" means forty-two (42) U.S.
gallons of oil at sixty degrees Fahrenheit (60° F).
Formerly: Acts 1947, c.278, s.5. As amended by P.L.109-1988,
SEC.9.

Indiana § 6-8-1-5 ("Petroleum", "natural gas", "oil", and "barrel of oil" defined) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.