Cost Recovery Fee Processing

The Cost Recovery Fee is a fee created by Ohio Senate Bill 165. It is an additional fee of .10/bbl and .005/mcf. It is effective July 1, 2010, and is based on the date it's removed from the ground. When those rates plus the existing severance tax rates for oil/gas are added together, it must equal a minimum average of $15/well per quarter. If the minimum is not met then an additional fee is charged to bring the amount up to $15/well per quarter. The $15/well per quarter is an average for all of your wells.

Print Form SV3 & SV3A
Remove Cost Recovery Adjustments

More Information:
Setting Up The Cost Recovery Fee
Previewing/Printing the Cost Recovery Fee Worksheet
Creating the Adjusting Entries
Adjusting the Adjusting Entries
How the Adjusting Entries Are Allocated
Posting
Previewing/Printing the SV3A Schedule & SV3 Return
Allocating to Select Wells
Cost Recovery FAQ