For Submersible Wells (Allowance per Well) 7e. Add Pres Equip Value for Additional Equipment 8. Add Itemized Equipment (Section III - Attached Schedule) 9. Working Interest Total Market Value (Add Sec VI, Lines 6, 7a, 7b, 7c, 7d, 7e & 8) 10. Working Interest Total Assessed Value (Multiply Sec VI, Line 9 X 30%, Unless Lease Qualifies for 25% Rate) X X X X X 5. Est Gross Reserve Value (Total 8/8ths-Transfer Total to Sec VI, Lines 1&2) Owner (B) Appraiser (C) (Interest) (Interest) (Number Wel.
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How to fill out the KS Oil Assessment Rendition Schedule 2 (Class 2B) online
The KS Oil Assessment Rendition Schedule 2 (Class 2B) is an essential document for reporting oil production for tax purposes in Kansas. This guide will provide you with clear and practical steps to complete this form online, ensuring that you meet all necessary requirements.
Follow the steps to fill out your oil assessment rendition online.
- Click ‘Get Form’ button to access the KS Oil Assessment Rendition Schedule 2 (Class 2B) and open it in your preferred editor.
- Begin with Section I: Location of Property. Fill in the name of the property, operator ID, county ID, and KDOR ID(s). Ensure you enter your mailing address, including the city, state, and zip code.
- Proceed to Section II: Lease Data. Complete the details regarding producing and non-producing wells. Specify the well types, production data, and permit numbers where applicable.
- In Section IV: Production Data, provide monthly production data for oil and gas, including total annual production and decline rates. Make sure to include contact details for your purchaser.
- Next, fill out Section V: Gross Reserve Calculation. Enter the estimated annual production, net price per barrel, and any relevant income stream calculations based on your production data.
- Complete Section VI: Gross Reserve Value. Calculate the value based on your working interests, prescribed equipment values, and deduct any operating costs as specified.
- If there are any additional details or attachments as required by the form, complete those as specified. Ensure that all necessary documentation is included, particularly the current division order with relevant details.
- Finally, review the entire form for accuracy. Save your changes, and ensure you download and print a copy of the completed form for your records. You can also share the form as needed.
Get started on filling out your KS Oil Assessment Rendition Schedule 2 (Class 2B) online today!
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