Get the free Oil and Gas Economic Profile Form - tax ny

This form is required by the New York State Department of Taxation and Finance for producers of oil and gas to report production, income, and royalty information related to their operations.

How to fill out oil and gas economic

How to fill out Oil and Gas Economic Profile Form

1. Start with the basic information: enter the name of the company and contact details.
2. Provide a summary of the company's oil and gas operations, including locations and types of resources.
3. Fill out the economic data section: include revenue figures, expenses, and profit margins.
4. Detail production volumes: specify the quantity of oil and gas produced over the specified period.
5. Include capital expenditures: list investments made in exploration and development.
6. Fill in any regulatory compliance information, detailing adherence to local laws and regulations.
7. Review and double-check all entries for accuracy before submission.

Who needs Oil and Gas Economic Profile Form?

1. Oil and gas companies seeking to evaluate their economic performance.
2. Investors looking for financial insights about an oil and gas business.
3. Regulatory agencies requiring economic data for compliance and oversight.
4. Financial analysts conducting market assessments.
5. Consultants and advisors in the oil and gas sector needing detailed economic profiles.

People Also Ask about

What is E&P in oil and gas?

Upstream, or exploration and production (E&P) companies, find reservoirs and drill oil and gas wells. Midstream companies are responsible for transportation from the wells to refineries.

What is p & a in oil and gas?

Saudi Aramco is the world's largest integrated oil and gas company and its stock is not traded in the United States. Saudi Arabian Oil Co. ( Saudi Aramco) Revenue (TTM): $590.3 billion. Net Income (TTM): $156.5 billion. China Petroleum & Chemical Corp. ( SNPMF) Revenue (TTM): $486.8 billion. PetroChina Co. Ltd. ( PCCYF)

What is the English for oil and gas?

English for Oil & Gas is a comprehensive course designed to prepare learners for careers in onshore and offshore drilling, and to support experienced oil and gas professionals in a globalized career field.

What is the difference between E&P and midstream?

When a well is no longer economically producing oil and natural gas, the well is evaluated for retirement and will undergo a process called 'plug and abandonment,' or P&A as it is often called.

What is E&P in oil and gas industry?

In the oil and natural gas industry, exploration, development and production are collectively referred as E&P or the upstream, while transportation is referred to as the midstream, and processing through supply as the downstream.

What is the general name for oil and gas?

Petroleum, a general term used for oil and natural gas, plays an important role in our community. Petroleum can occur in the earth in liquid, gas, or solid form. Oil and gas are known as fossil fuels because they are formed from the decomposition and pressurisation of algae, plankton and other organisms.

What is another name for oil and gas?

Petroleum is a fancy, technical word for something you've probably heard of: oil, an energy source. Petroleum is also known as crude, crude oil, fossil oil, and rock oil. A lot of petroleum is found in the Middle East, and people are always looking for new sources of petroleum.

What economic sector is oil and gas?

The oil and gas extraction subsector is part of the mining, quarrying, and oil and gas extraction sector. Industries in the Oil and Gas Extraction subsector operate and/or develop oil and gas field properties.

What is the primary term of oil and gas?

The primary term is the first phase of an oil and gas lease. It gives a set number of years for the company to begin drilling or to start production. This part of the lease works like a test period. If the company does not begin work during this time, the lease usually ends on its own.

What is the economic importance of oil and gas?

Given that the oil and gas business is the world's largest in terms of economic value, it may be referred to as the world's powerhouse industry. The majority of oil is used for transportation (cars, trucks, and planes), and only a fourth is used for other industrial purposes.

For pdfFiller’s FAQs

What is Oil and Gas Economic Profile Form?

The Oil and Gas Economic Profile Form is a regulatory document used by entities in the oil and gas sector to report their economic activities, project revenues, costs, and other financial metrics to authorities.

Who is required to file Oil and Gas Economic Profile Form?

Entities involved in oil and gas exploration, extraction, and sales, including operators and producers, are required to file the Oil and Gas Economic Profile Form.

How to fill out Oil and Gas Economic Profile Form?

To fill out the Oil and Gas Economic Profile Form, gather all relevant financial data, ensure accurate reporting of revenues and expenses, complete all required sections, and submit the form to the appropriate regulatory authority by the specified deadline.

What is the purpose of Oil and Gas Economic Profile Form?

The purpose of the Oil and Gas Economic Profile Form is to provide regulatory bodies with an overview of the economic health of the oil and gas sector, monitor compliance, and inform policy decisions.

What information must be reported on Oil and Gas Economic Profile Form?

The information that must be reported on the Oil and Gas Economic Profile Form includes details on production volumes, revenue generated, operational costs, tax obligations, investment metrics, and other economic indicators relevant to the oil and gas operations.