دیکشنری تخصصی مهندسی نفت - نسخه آنلاین

n: (ENTELEC) a non-profit, tax-exempt organization that aids the energy industry in dealing with technological advances by advising and educating members on new equipment and safety. Address: Box 795038;Dallas, TX 75379- 5038;(972) 235-0655;fax (972) 235- 0653.

adj: free or released from liability or requirement to which others are subject.

n: an interest owned in a property, usually by a charitable or a governmental agency, that is not subject to state production taxes as provided in the applicable tax regulations. Compare tax-free interest.

n: (RQ) 1. the quantity of released hazardous materials that, when exceeded, must be reported under CERCLA. The EPA is charged with setting the allowable limits for releases of each hazardous material. If a release exceeds the EPA reportable quantity, CERCLA requires that the owners or operators of the facility notify the National Response Center immediately. 2. SARA (section 304) also requires facilities that release a reportable quantity of an EHS or CERCLA hazardous substance to notify the SERC and the LEPC immediately. This requirement is similar to the CERCLA requirement to notify the NRC in case of reportable releases. Like CERCLA, SARA exempts federally permitted releases, continuous releases, any release contained 00 site, as well as other CERCLA exemptions from RQ reporting requirements. In addition, SARA requires a written followup report to be submitted to the SERC and the LEPC as soon as practicable after the release.

n: an interest in production that does not bear its portion of production taxes levied on production from the property. The tax applicable to this interest is borne by other interest owners in the property. Compare exempt interest.

n: a federal excise tax on crude oil. It has a different rate for oil in a number of categories, for example, newly discovered oil, stripper oil, and stripper oil produced by independents. The tax rate is determined as a percentage-for instance, at 25%---of the difference between a base price and a market price. There are a variety of exceptions and exemptions;interested parties should query the IRS or a tax accountant.