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2014 Unit of Production Values for Oil and Gas Production

Valuation and assessment of oil and gas home | printable pdf

Certificate of Final 2014 Oil and Gas Unit of Production Values

The Commissioner of Taxation and Finance hereby gives notice that on April 2, 2014, pursuant to Title 5 of Article 5 of the Real Property Tax Law and 20NYCRR Part 8196, it established final 2014 oil and gas unit of production values at the amounts shown below. The final oil and gas unit of production values are the same as the tentative values.

Gas Economic Profile
(expressed in dollars per 1,000 cubic feet)

Medina Region 1 $6.08
Medina Region 2 $6.08
Medina Region 3 $6.08
Medina Region 4 $6.08
Onondaga Reef and
Oriskany Sandstone Formations
$7.97
Trenton Black River $4.44
Formations other than Medina,
Onondaga & Oriskany
$7.97

Oil Economic Profile
(expressed in dollars per barrel)

Enhanced Recovery, e.g., Fluid Injection $42.02
Stripper Wells $106.53
Other Wells $106.53

I, Jack Moodie, Manager, Special Franchise Support, Railroad, and Quality Assurance, do hereby certify that the above amounts are the final 2014 Oil and Gas Unit of Production Values established by the Commissioner of Taxation and Finance on the 2nd day of April, 2014.

Jack Moodie, Manager
Special Franchise Support, Railroad, and Quality Assurance
April 2, 2014

Updated: April 09, 2014