Wyoming § 36-6-301 Definitions

Wyoming Statutes

§ 36-6-301 — Definitions

Wyoming § 36-6-301

Title 36Public Land

Ch. 6MINERAL LEASES

Art. 3CALCULATION OF ROYALTIES ON OIL, NATURAL GAS

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Bluebook

Wyo. Stat. Ann. § 36-6-301 (2026).

Text

(a)As used in this article:

(i)"Associated natural resource" means any substance, element or compound, either gaseous, liquid or solid, associated with the production, refining or processing of oil or gas. The term includes, but is not limited to, propane, butanes, ethane, methane, carbon dioxide, sulfur, helium, nitrogen and natural gas liquids;

(ii)"Natural gas" means hydrocarbons or nonhydrocarbons which at atmospheric conditions of temperature and pressure are in a gaseous phase;

(iii)"Oil" means crude petroleum and other hydrocarbons regardless of gravity which are produced at the wellhead in liquid form, and the liquid hydrocarbons known as distillate or condensate recovered or extracted from gas, other than gas produced in association with oil and commonly known as casinghead ga

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(a) As used in this article:
(i) "Associated natural resource" means any
substance, element or compound, either gaseous, liquid or solid,
associated with the production, refining or processing of oil or
gas. The term includes, but is not limited to, propane, butanes,
ethane, methane, carbon dioxide, sulfur, helium, nitrogen and
natural gas liquids;
(ii) "Natural gas" means hydrocarbons or
nonhydrocarbons which at atmospheric conditions of temperature
and pressure are in a gaseous phase;
(iii) "Oil" means crude petroleum and other
hydrocarbons regardless of gravity which are produced at the
wellhead in liquid form, and the liquid hydrocarbons known as
distillate or condensate recovered or extracted from gas, other
than gas produced in association with oil and commonly known as
casinghead gas;
(iv) "Processing plant" means a plant to remove
liquefiable hydrocarbons from a gas stream or to separate
natural gas into physically or chemically distinct marketable
associated natural resources;
(v) "Return on investment" means a percentage rate
applied over a period of years to the equity investment for
construction of transportation facilities or processing plants
for oil, natural gas or associated natural resources. This
percentage rate represents the rate a lessee or successor in
interest supposedly could have received from investment of
equity in some other commercial or financial undertaking.
"Return on investment" also means a percentage of earnings or
profitability ratio which a lessee, producer or successor in
interest anticipates or desires to receive on the equity
investment in transportation facilities or processing plant;
(vi) "Transportation facilities" means those
facilities constructed for moving any oil, natural gas or
associated natural resource from the place of production to the
closest point of sale or to a processing plant.