Oklahoma § 52-288.2 - Definitions

§ 52-288.2. Definitions

As used in the Oklahoma Energy Education and Marketing Act,

Section 288.1 et seq. of this title:

1. "Board" means the Oklahoma Energy Resources Board;

2. "Person" means any individual, group of individuals, or any

partnership, corporation, association, cooperative, or employee

thereof, or any other entity;

3. "Independent producer" means any person:

a.

who produces oil or natural gas and is not engaged in

refining or marketing of such products, or

b.

who derives a majority of his or her oil- or natural

gas-related income from working interest;

4. "Major oil company" means any person who produces oil or

natural gas in the State of Oklahoma and who is a retailer as

defined in IRS Code Sec. 613A (d)(2) or a refiner as defined in Sec.

613A (d)(4) of the Code or is a subsidiary, directly or indirectly,

of a company that is classified as a major oil company as defined

herein; and

5. "Qualified independent producer association" means an entity

in existence as of January 1, 1992, that is organized and operating

within the state, a majority of whose governing body are independent

producers and which represents the independent oil or natural gas

industry on a statewide basis.

Added by Laws 1992, c. 257, § 2, eff. Sept. 1, 1992. Amended by

Laws 1993, c. 184, § 2, eff. Oct. 1, 1993; Laws 1996, c. 352, § 1;

Laws 1997, c. 2, § 11, emerg. eff. Feb. 26, 1997.

NOTE: Laws 1996, c. 84, § 1 repealed by Laws 1997, c. 2, § 26,

emerg. eff. Feb. 26, 1997.