Title 18

PART 2 APPENDIX C


Appendix C to Part 2 - Nationwide Proceeding Computation of Federal Income Tax Allowance Independent Producers, Pipeline Affiliates and Pipeline Producers Continental U.S. - 1972 Data (Docket No. R-478)

18:1.0.1.1.4.0.11.42.3 : Appendix C

Appendix C to Part 2 - Nationwide Proceeding Computation of Federal Income Tax Allowance Independent Producers, Pipeline Affiliates and Pipeline Producers Continental U.S. - 1972 Data (Docket No. R-478)
Line No. Particulars Schedule No. Line No. (1) - Total 1 (2) - Total excluding production taxes 2 (3) - Gas only 3 (4) - Lease separation 3 (5) - No lease separation 3 (6) - Total 4 (7) - Percentage lease separation gas 5 (8) - Allocated amount gas 6
production, exploration and development costs
2 Direct and indirect lease costs and expenses 1-A 01 1,694,893,558 1,694,893,558 57,287,938 $144,679,567 $19,763,791 $221,731,296 90.33 207,740,782
2 Taxes (except income and production) A-1 02 210,335,720 210,335,720 16,507,630 20,431,444 4,360,024 41,299,098 9.33 39,323,337
4 Production taxes 1-A 03 479,424,297 27,124,210 96,699,673 10,005,599 133,829,482 90.33 124,478,624
5 Other lease expenses 1-A 04 61,102,433 61,102,433 17,527,077 24,988,900 336,427 42,852,404 90.33 40,435,977
6 Depletion, depreciation and amortization 1-A 05 1,716,823,070 1,716,823,070 105,999,777 297,881,312 25,502,048 429,383,137 90.33 400,578,014
7 Corporate general expense 1-A 06 278,845,909 278,845,909 13,611,337 25,077,796 3,579,728 42,268,861 90.33 39,843,838
8 Area, district, division and field expense 1-A 07 261,718,417 26,178,417 7,207,320 21,758,604 2,778,944 31,744,868 90.33 29,640,811
9 Miscellaneous lease revenues 1-A 09 (12,203,136) (12,203,136) (1,348,729) (2,768,788) (314,067) (4,431,584) 90.33 (4,163,842)
10 Return on production rate base at 15 percent 1-A 13 2,505,272,672 2,505,272,672 186,055,524 427,939,601 69,857,212 663,852,337 90.33 622,470,578
11 Exploration and development costs and expenses 1-A 15 1,673,945,853 1,673,945,853 594,971,262
12 Return on exploration rate base at 15 percent 1-A 16 588,558,894 588,558,894 234,604,103
13 Regulatory commission expense including return 1-A 17 6,514,279 6,514,279 6,514,852
14
15 Total computed revenue 9,465,231,966 8,985,807,669 2,336,439,376
16 (gross income)
17
18 revenue deductions
19 Direct and indirect lease costs and expenses 1-A 01 1,694,893,558 1,694,893,558 207,740,872
20 Taxes (except income and production) 1-A 02 210,335,720 210,335,720 39,323,377
21 Production taxes 1-A 03 479,424,297 124,478,624
22 Other lease expenses 1-A 04 61,102,433 61,102,433 40,435,977
23 Book depletion 7 (283,121,142) 283,121,242 24,287,986 61,675,828 6,177,596 92,141,410 90.33 86,177,357
24 Depreciation expense 1-A 05 7 (654,604,447) 654,604,447 30,223,586 94,010,520 7,007,662 131,241,768 90.33 122,150,951
25 Amortization of capitalized IDC 7 (779,097,382) 779,097,382 51,488,205 142,194,964 12,316,790 205,999,959 90.33 192,249,706
26 Corporate general expense 1-A 06 278,845,909 278,845,909 39,843,838
27 Area, district, division and field expense 1-A 07 261,718,417 261,718,417 29,640,811
28 Miscellaneous lease revenues 1-A 09 (12,203,136) (12,203,136) (4,163,842)
29 Exploration and development costs and expenses 1,673,945,853 1,673,945,853 594,971,262
30 Regulatory commission expense 4-A 01 6,384,384 6,394,384 6,394,384
31
32 Total book expenses 6,371,380,505 5,891,856,209 1,479,243,227
33
34 Production net income (line 15 less line 32) 3,093,951,461 3,093,951,460 857,190,149
35
36 tax adjustment - add (deduct)
37 Amortization of capitalized IDC 779,097,282 779,097,382 192,249,706
38 Estimated IDC capitalized in 1972 8 (1,470,935,857) (1,470,935,857) (362,967,445)
39 Interest expense (calculated) 9 (243,846,540) (243,846,540) (60,587,136)
40
41 Taxable income 2,158,266,445 2,158,266,445 625,891,274
42
43 Federal income tax at 48 percent 1,992,245,949 1,992,245,949 10 577,745,791