North Dakota Natural Gas Inventory Forward Sale Contract

State:
Multi-State
Control #:
US-EG-9211
Format:
Word; 
Rich Text
Instant download

Description

Natural Gas Inventory Forward Sale Contract between EEX Operating, LLC, E&P Company, LP and Bob West Treasure, LLC regarding the sale and purchase of natural gas dated December 17, 1999. 31 pages.
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FAQ

To register your out-of-state vehicle in North Dakota, you'll need to head to a North Dakota Department of Transportation office since services are not available online. Bring along the following documentation when you go: Signed out-of-state vehicle title. Proof of your legal name.

The tax laws impose an excise tax at the rate of 5% on all vehicles purchased either in or outside the State of North Dakota. The tax is payable to the Motor Vehicle Division at the time title application for the vehicle is made. The tax is computed on the full purchase price less any trade-allowance.

How do I apply for an IFTA license in North Dakota? You will need to complete International Fuel Tax License Application and Reinstatement form and submit it to the North Dakota Department of Transportation, Motor Vehicle Division. Contact North Dakota in regards to receiving this form.

The 5% motor vehicle excise tax will apply on the purchase or buy out of a qualifying lease vehicle. The lessee purchasing the motor vehicle will be responsible for the payment of motor vehicle excise tax on the purchase or buy out amount when titling the motor vehicle with the North Dakota Motor Vehicle Department.

North Dakota has only 2.4 percent of the Nation's total natural gas reserves, and it accounts for 2.6 percent of U.S. natural gas production.

Special Fuels Taxes 4 cents per gallon is imposed on dyed (red) diesel, biodiesel, and kerosene. This 4-cent tax is also included on CNG, waste oil, and soy oil and other blending components sold for uses other than in a licensed vehicle. 2% excise tax is imposed on LPG for uses other than in a licensed vehicle.

A motor vehicle fuel tax of $0.23 cents per gallon is imposed on motor vehicle fuel sold to retailers and consumers. Motor vehicle fuel includes gasoline and gasohol.

Crescent Point has agreed to sell its North Dakota assets to a private operator for US$500 million (approximately $675 million) in cash.

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North Dakota Natural Gas Inventory Forward Sale Contract