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OTC 987 Revised 11-2015 State of Oklahoma Application for Ad Valor em Tax Exemption for Religious Entities County Tax Year 2016 Please Print or Type Exemption: All property used exclusively and directly
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OTC 987 - Oklahoma is a form used for reporting oil and gas production tax information in the state of Oklahoma.
Any entity involved in oil and gas production in Oklahoma is required to file OTC 987 - Oklahoma.
OTC 987 - Oklahoma can be filled out electronically or by mail following the instructions provided by the Oklahoma Tax Commission.
The purpose of OTC 987 - Oklahoma is to report and pay the oil and gas production taxes required by the state.
Information such as production volumes, well locations, lease information, and tax calculations must be reported on OTC 987 - Oklahoma.
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