Oklahoma § 68-1003 - Tax on oil recovered or from unknown sources
Full text of Oklahoma Oklahoma Statutes § 68-1003 — Tax on oil recovered or from unknown sources, with citation guidance and answers to common questions.
§ 68-1003. Tax on oil recovered or from unknown sources
A. It shall be the duty of the Oklahoma Tax Commission to
collect, in addition to the gross production tax, twelve and onehalf percent (12 1/2%) of the gross value of all oil reported to the
Tax Commission as recovered from streams, lakes, ponds, ravines and
other natural depressions to which oil shall have escaped or therein
was found and twelve and one-half percent (12 1/2%) of the gross
value of all oil which is reported to the Tax Commission and which
report does not disclose the actual source of the oil. In the event
the rightful owner or owners of the royalty interest therein provide
satisfactory proof of mineral ownership to the Tax Commission within
twelve (12) months of when the tax payment was received by the Tax
Commission, such royalty interest owners shall be paid their proper
interest or interests. Otherwise, the Tax Commission shall
distribute such sum as provided by law for the distribution of gross
production taxes.
B. For purposes of this section, "actual source" shall be the
well or wells and particular leasehold from which the oil was
produced.
C. The operators of salt water disposal facilities shall be
required to pay to the Tax Commission the fee of twelve and one-half
percent (12 1/2%) as required by this section on the amount of oil
recovered in excess of two percent (2%) of the volume of water
handled.
Added by Laws 1963, c. 365, § 2, emerg. eff. June 22, 1963.
Renumbered from § 10-1003 of this title by Laws 1965, c. 215, § 2.
Amended by Laws 1989, c. 279, § 10, operative July 1, 1989; Laws
1992, c. 30, § 4, emerg. eff. March 31, 1992; Laws 2001, c. 249, §
2, eff. July 1, 2001; Laws 2016, c. 114, § 1, eff. July 1, 2016.
Source: official Oklahoma text · Last verified 2026-08-27
Frequently Asked Questions About Oklahoma § 68-1003
What does Oklahoma Statutes § 68-1003 cover?
Section 68-1003 ("Tax on oil recovered or from unknown sources") is part of the Oklahoma Statutes, the codified statutory law of Oklahoma. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Oklahoma § 68-1003?
A common citation format is "Oklahoma Statutes § 68-1003" (Oklahoma). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Oklahoma law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Oklahoma official source linked on this page or consult a licensed Oklahoma attorney.
How does Oklahoma § 68-1003 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Oklahoma can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Oklahoma.