Get Ks Gas Assessment Rendition Schedule 2 (class 2b) 2023-2025

The KS Gas Assessment Rendition Schedule 2 (Class 2B) is an essential document for property owners in Kansas, enabling them to report the valuation of their gas assets for tax purposes. This guide offers a clear, step-by-step process to assist users in completing the form online with accuracy and confidence.

Follow the steps to successfully fill out the KS Gas Assessment Rendition Schedule 2 (Class 2B).

1. Click the ‘Get Form’ button to obtain the KS Gas Assessment Rendition Schedule 2 (Class 2B) and open it in your online editor.
2. Begin with Section I - Location of Property. Required fields include the property name, operator ID, county ID, KDOR ID(s), address (including city, state, and zip), and well API number(s) to accurately identify the location of your oil and gas assets.
3. In Section II - Well Data, provide information about each well, specifying whether it is producing or non-producing, as well as details such as the spud date, producing field name, and water disposal information.
4. Proceed to Section IV - Production Data, where you need to enter annual production figures for gas and condensate over the last five years. This section also inquires about deductions and pricing information relevant to your operations.
5. In Section V - Gross Reserve Calculation, fill out your estimated gross income stream and present worth factor. Use the formulas provided to determine the estimated gross reserve value based on production and price data.
6. Move to Section VI - Gross Reserve Value. Here, calculate the royalty and overriding royalty interest value and deduct operating costs, ensuring to reference all necessary equipment and expenses involved in your operations.
7. Complete any additional data needed in Section VII and ensure all other requests for attachments, like the current division order, are provided.
8. Review all completed sections for accuracy and completeness. Once you are satisfied with the information, you can save your changes, download a copy for your records, print the form, or share it as required.

Complete your gas assessment rendition online to ensure compliance and accuracy in your tax filings.