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§1210.61 — What additional reporting requirements must I meet for Indian oil valuation purposes?

(a)

If you must report and pay under §1206.52 of this chapter, you must use Sales Type Code ARMS on Form ONRR-2014.

(b)

If you must report and pay under §1206.53 of this chapter, you must use Sales Type Code NARM on Form ONRR-2014.

(c)

If you must report and pay under §1206.54 of this chapter, you must use Sales Type Code OINX on Form ONRR-2014.

(d)

You must report one of the following crude oil types in the product code field of Form ONRR-2014:

(1)

Sweet (code 61);

(2)

Sour (code 62);

(3)

Asphaltic (code 63);

(4)

Black Wax (code 64); or

(5)

Yellow Wax (code 65).

(e)

All of the remaining requirements of this subpart apply.

Reason: