sec.42Petroleum production report

sec.42 Petroleum production report

The holder of a petroleum lease must lodge a petroleum production report for the lease for each 6-month period. The report must be lodged within 60 business days after the 6-month period ends. The report must contain the following information— the number of the lease; an identification of each production interval or geological unit from which first-produced petroleum is produced under the lease during the 6-month period; the volume of each of the following produced under the lease during the 6-month period— each petroleum product derived from first-produced petroleum; first-produced petroleum that was flared or vented in a gaseous state; first-produced petroleum that was used to produce other petroleum; the volume, or estimated volume, of associated water taken from each natural underground reservoir during the 6-month period and the lease period; for each natural underground reservoir from which petroleum is produced under the lease—the number of petroleum wells producing petroleum from the reservoir; for each petroleum well drilled for the purpose of producing coal seam gas within the area of the lease—the volume, or an estimate of the volume, of associated water taken from the well under the lease during the 6-month period; if a petroleum well within the area of the lease changes after a report for the well is lodged under section 36 —details of the casing and equipment installed in the well and a diagram showing the location of the casing and equipment; any other data or information for the report required under the practice direction. In this section— first-produced petroleum means petroleum extracted from a natural reservoir, other than petroleum that is stored, in a natural reservoir or otherwise, and later re-extracted. lease period means— for a volume of petroleum, or a petroleum product derived from petroleum, produced under a lease for a 6-month report—the period starting on the day petroleum was first produced under the lease and ending on the last day of the 6-month period; or for a volume or estimated volume of associated water taken under a lease for a 6-month report—the period starting on the day associated water was first taken under the lease and ending on the last day of the 6-month period. s 42 amd 2020 SL No. 208 s 18 (sec.42-ssec.1) The holder of a petroleum lease must lodge a petroleum production report for the lease for each 6-month period. (sec.42-ssec.2) The report must be lodged within 60 business days after the 6-month period ends. (sec.42-ssec.3) The report must contain the following information— the number of the lease; an identification of each production interval or geological unit from which first-produced petroleum is produced under the lease during the 6-month period; the volume of each of the following produced under the lease during the 6-month period— each petroleum product derived from first-produced petroleum; first-produced petroleum that was flared or vented in a gaseous state; first-produced petroleum that was used to produce other petroleum; the volume, or estimated volume, of associated water taken from each natural underground reservoir during the 6-month period and the lease period; for each natural underground reservoir from which petroleum is produced under the lease—the number of petroleum wells producing petroleum from the reservoir; for each petroleum well drilled for the purpose of producing coal seam gas within the area of the lease—the volume, or an estimate of the volume, of associated water taken from the well under the lease during the 6-month period; if a petroleum well within the area of the lease changes after a report for the well is lodged under section 36 —details of the casing and equipment installed in the well and a diagram showing the location of the casing and equipment; any other data or information for the report required under the practice direction. (sec.42-ssec.4) In this section— first-produced petroleum means petroleum extracted from a natural reservoir, other than petroleum that is stored, in a natural reservoir or otherwise, and later re-extracted. lease period means— for a volume of petroleum, or a petroleum product derived from petroleum, produced under a lease for a 6-month report—the period starting on the day petroleum was first produced under the lease and ending on the last day of the 6-month period; or for a volume or estimated volume of associated water taken under a lease for a 6-month report—the period starting on the day associated water was first taken under the lease and ending on the last day of the 6-month period.