Severance/Production Taxes Report

These reports list well production in MCF, BBL, and other products and severance taxes withheld for each month in the quarter selected. The four taxes refer to the four different taxes which are able to be withheld from wells (oil tax 1-4, gas tax 1-4, other tax 1-4). It does not refer to the quarter you wish to report on. The quarter is selected once you pick the appropriate tax. This report will only include taxes that were calculated from a tax table. Taxes that are manually entered will not appear on this report unless you select the option to Include Taxes Withheld by Purchaser. Typically this report is used to determine the amount of tax withheld by the operator during a particular range of time in order to arrive at the amount owed to the state or other entity.

Any wells that are marked as "3rd Party Well" on the well information window will be excluded from this report.

Well Product Tax Table
Select the tax table on which you wish to report. These are defined under the Maintain, Disbursement and JIB Files, Well Products Tax Table window.

Tax Type
Select the tax calculation to view from the selected table. The calculation refers to 'Tax Calculation 1', etc., from the Well Products Tax Table. Tax Calculation 1 corresponds to Oil Tax 1(OTAX1), Gas Tax 1(GTAX1), and Other Product Tax 1(PTAX1), etc. Only one type of tax can be reported at a time.

Report By
You can either report by quarter or by a range of period (months). If period range is selected the window will change to allow you to specify the period range desired on the report.

Quarter
Select the quarter on which you wish to report.

Use Production Period as Selection Criteria
By default the severance tax report bases the quarter being reported on the accounting date found in the well history record. This accounting date is the same as the posting date used when closing the revenue run. This may or may not be the same as the production period. To produce the report by production period, enable this option. If this option is checked, the report will display the information based on the production period of the well history entries.

Include Taxes Withheld by Purchaser (Not From a Tax Table)
Check this option if you want the report to include the taxes withheld by the purchaser in addition the taxes withheld using the Well Products Tax Table.

Beginning/Ending Year and Period
If you selected to report by range of periods, you can enter the beginning and ending months. If you are reporting by quarter, fill in the appropriate year.

Group
Choose the well group to report on.

First/Last Well ID
The first and last wells in the range of wells that you would like to view the report for.

Group
Choose the group to report on.