Form O&G OFFSHORE-2 "Oil and Gas Offshore Producer's Tax Return Schedule" - Alabama

What Is Form O&G OFFSHORE-2?

This is a legal form that was released by the Alabama Department of Revenue - a government authority operating within Alabama. As of today, no separate filing guidelines for the form are provided by the issuing department.

Form Details:

  • Released on September 1, 2014;
  • The latest edition provided by the Alabama Department of Revenue;
  • Easy to use and ready to print;
  • Quick to customize;
  • Compatible with most PDF-viewing applications;
  • Fill out the form in our online filing application.

Download a fillable version of Form O&G OFFSHORE-2 by clicking the link below or browse more documents and templates provided by the Alabama Department of Revenue.

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Download Form O&G OFFSHORE-2 "Oil and Gas Offshore Producer's Tax Return Schedule" - Alabama

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A
D
R
Page _______ of _________
O&G Offshore-2
LABAMA
EPARTMENT OF
EVENUE
Rev. 9/14
Reset Complete Form
& L
B
ICENSE
T
D
USINESS
AX
IVISION
______________________________
Production Month / Year
Oil and Gas Offshore Producer’s Tax Return Schedule
Wells producing from depths of 8,000 feet or less
Production Code
05 — Propane
Check the Appropriate Box for the County / Municipality of Severance
01 — Crude Oil
06 — Ethane
Use Separate Schedule For Each County / Municipality and Tax Rate
TAXPAYER NAME
02 — Condensate
07 — Natural Gasoline
Baldwin County
Mobile County
Mobile / Dauphin Island
03 — Residue / Methane Gas @ 14.65 PSI
08 — Plant Fuel / Lease Use – Oil
04 — Butane
09 — Plant Fuel / Lease Use – Gas
FEIN
Reset all but Well/Unit/Permit
PURCHASERʼS LIABILITY
PRODUCERʼS LIABILITY
DEDUCTIONS
PERMIT
PRODUCT
100%
PRODUCERʼS NET
TIK
TIK
WELL / UNIT NAME
NUMBER
CODE
PRODUCTION
TAXABLE VALUE
VOLUME
PRODUCER
VOLUME
VALUE
VOLUME
VALUE
EXEMPT INTEREST
OTHER
PAGE TOTALS
COUNTY TOTALS
REPORT TOTALS
2% Production Tax . . .
_________ Privilege Tax . . . . .
TOTAL TAX REMITTED . . . . $
ATTACH TO: FORM O&G OFFSHORE-1
A
D
R
Page _______ of _________
O&G Offshore-2
LABAMA
EPARTMENT OF
EVENUE
Rev. 9/14
Reset Complete Form
& L
B
ICENSE
T
D
USINESS
AX
IVISION
______________________________
Production Month / Year
Oil and Gas Offshore Producer’s Tax Return Schedule
Wells producing from depths of 8,000 feet or less
Production Code
05 — Propane
Check the Appropriate Box for the County / Municipality of Severance
01 — Crude Oil
06 — Ethane
Use Separate Schedule For Each County / Municipality and Tax Rate
TAXPAYER NAME
02 — Condensate
07 — Natural Gasoline
Baldwin County
Mobile County
Mobile / Dauphin Island
03 — Residue / Methane Gas @ 14.65 PSI
08 — Plant Fuel / Lease Use – Oil
04 — Butane
09 — Plant Fuel / Lease Use – Gas
FEIN
Reset all but Well/Unit/Permit
PURCHASERʼS LIABILITY
PRODUCERʼS LIABILITY
DEDUCTIONS
PERMIT
PRODUCT
100%
PRODUCERʼS NET
TIK
TIK
WELL / UNIT NAME
NUMBER
CODE
PRODUCTION
TAXABLE VALUE
VOLUME
PRODUCER
VOLUME
VALUE
VOLUME
VALUE
EXEMPT INTEREST
OTHER
PAGE TOTALS
COUNTY TOTALS
REPORT TOTALS
2% Production Tax . . .
_________ Privilege Tax . . . . .
TOTAL TAX REMITTED . . . . $
ATTACH TO: FORM O&G OFFSHORE-1
Instructions On Filing The
Oil and Gas Offshore Producer’s Return
All producers who operate or receive Take In Kind (TIK) allocations from oil or gas wells in the State of Alabama are required to file a
monthly producer’s return regardless of who has responsibility of remitting the actual severance tax. The volumes and gross proceeds
reported should be actual deliveries and not entitlements. Each month’s related production and sales should be filed on a separate
return. If the purchaser has the responsibility of remitting the taxes the line on the O&G Offshore-1 form titled ”TOTAL TAX REMIT-
TED” would be zero.
Corrections should be made on a separate amended return for each production month by replacing the previously filed return with
a replacement return and reporting any additional tax due in the ”TOTAL TAX REMITTED” box.
The ”Amended Return” box must be checked on the O&G Offshore-1 form.
O&G Offshore-1 Form
The O&G Offshore-1 form is a cover sheet for the monthly severance tax return (Forms O&G Offshore-2 and/or O&G Offshore-3). The
taxes from the O&G Offshore-2 and O&G Offshore-3 forms are consolidated on this sheet and grouped by county/municipality and tax
rate.
FEIN: Federal Employer’s Identification Number issued to your company by the Federal Government.
Taxpayer and Mailing Address: Name your company is doing business under in the State of Alabama and the address used by the
same.
Contact Person and Telephone: Person to contact and their telephone number regarding questions relating to the tax return.
Production Period - Month/Year: The production period for which the report is being filed.
You must check the appropriate box if any of your information has changed or if you are remitting taxes electronically.
O&G Offshore-2 Form
This schedule is utilized only by producers with wells producing from depths of 8,000 feet or less.
If production occurs within the corporate limits of Dauphin Island, producers should check the Mobile/Dauphin Island checkbox
and carry the tax forward to the appropriate line of the O&G Offshore-1 form.
Well/Unit Name: The name of the well or unit as registered with the Alabama State Oil and Gas Board. Note: Unitized fields should be
reported as unit volumes versus the individual wells.
Permit Number: The number assigned to the well/unit by the Alabama State Oil and Gas Board.
Product Code: The codes represent the commodity for which your company is selling and remitting severance tax.
100% Production: This is the 100% production applicable to the well. Note: This is not just the producer’s interest in the well.
Non-operators: If this data is not available to you, please write in “NON-OP”.
Purchaser’s Liability Volume: This is the volume the purchaser is responsible for remitting taxes for the producer.
Purchaser’s Liability Value: The amount the purchaser paid for the volume he is responsible for remitting taxes on for the producers.
Producer’s Liability Volume: The volume for which the producer is liable for remitting taxes.
Producer’s Liability Value: The gross value for which the producer is receiving for their product. This value should equate to the pur-
chaser’s remittance statement.
Exempt Interest: The percentage amount which is exempt from Severance Tax which has been approved by the State of Alabama,
Department of Revenue, Severance & License Section. Approval must be granted prior to deduction being taken.
Other: This represents any other deductions which are not subject to severance taxes.
Producer’s Net Taxable Value: This is the Purchased Value less the deductions.
TIK Volume: The volume applicable to other working interest owners who are taking their interest in kind and remitting their own sev-
erance taxes. These volumes are actual deliveries, not entitlements, and are listed by producer.
TIK Producer: The name of the producer taking their share of production in kind.
O&G Offshore-3 Form
This schedule is utilized only by producers with wells producing from depths greater than 8,000 feet.
If production occurs within the corporate limits of Dauphin Island, producers should check the Mobile/Dauphin Island checkbox
and carry the tax forward to the appropriate line of the O&G Offshore-1 form.
Well/Unit Name: See O&G Offshore-2 section for instructions.
Permit Number: See O&G Offshore-2 section for instructions.
Product Code: See O&G Offshore-2 section for instructions.
100% Production: See O&G Offshore-2 section for instructions.
Purchaser’s Liability Volume: This is the volume the purchaser is responsible for remitting taxes for the producer.
Purchaser’s Liability Gross Proceeds: The amount the purchaser paid for the volume he is responsible for remitting taxes on for the
producers.
Producer’s Liability Volume: The volume for which the producer is liable for remitting taxes.
Producer’s Liability Gross Proceeds: The sum of the month’s market proceeds and non-market proceeds. No adjustments or deduc-
tions may be taken from the market or non-market proceeds in computing gross proceeds.
Exempt Interest: The percentage amount which is exempt from Severance Tax which has been approved by the State of Alabama,
Department of Revenue, Severance & License Section. Approval must be granted prior to deduction being taken.
Producer’s Net Value: This is the gross proceeds less the exempt interest deduction.
TIK Volume: The volume applicable to other working interest owners who are taking their interest in kind and remitting their own sev-
erance taxes. These volumes are actual deliveries, not entitlements, and are listed by producer.
TIK Producer: The name of the producer taking their share of production in kind.
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