Section 36-6-301 – Definitions.

36-6-301. Definitions. (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, sulphur, helium, nitrogen and natural gas liquids; […]

Section 36-6-302 – “Return on Investment” Deduction Not Allowed for Calculation of Royalty.

36-6-302. “Return on investment” deduction not allowed for calculation of royalty. (a) For state lease royalty and overriding royalty, other than royalty owing to the United States of America, calculations for oil, natural gas and associated natural resources, neither lessee nor any successor in interest will be allowed any deduction for any “return on investment […]