{"data":{"id":"us/18-cfr-appendix-c-to-part-2","jurisdiction":"us","citation":"18 CFR Appendix C to Part 2","heading":"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)","body":"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\nproduction, exploration and development costs\n2 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\n2 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\n4 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\n5 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\n6 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\n7 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\n8 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\n9 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)\n10 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\n11 Exploration and development costs and expenses 1-A 15 1,673,945,853 1,673,945,853 594,971,262\n12 Return on exploration rate base at 15 percent 1-A 16 588,558,894 588,558,894 234,604,103\n13 Regulatory commission expense including return 1-A 17 6,514,279 6,514,279 6,514,852\n14\n15 Total computed revenue 9,465,231,966 8,985,807,669 2,336,439,376\n16 (gross income)\n17\n18 revenue deductions\n19 Direct and indirect lease costs and expenses 1-A 01 1,694,893,558 1,694,893,558 207,740,872\n20 Taxes (except income and production) 1-A 02 210,335,720 210,335,720 39,323,377\n21 Production taxes 1-A 03 479,424,297 124,478,624\n22 Other lease expenses 1-A 04 61,102,433 61,102,433 40,435,977\n23 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\n24 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\n25 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\n26 Corporate general expense 1-A 06 278,845,909 278,845,909 39,843,838\n27 Area, district, division and field expense 1-A 07 261,718,417 261,718,417 29,640,811\n28 Miscellaneous lease revenues 1-A 09 (12,203,136) (12,203,136) (4,163,842)\n29 Exploration and development costs and expenses 1,673,945,853 1,673,945,853 594,971,262\n30 Regulatory commission expense 4-A 01 6,384,384 6,394,384 6,394,384\n31\n32 Total book expenses 6,371,380,505 5,891,856,209 1,479,243,227\n33\n34 Production net income (line 15 less line 32) 3,093,951,461 3,093,951,460 857,190,149\n35\n36 tax adjustment—add (deduct)\n37 Amortization of capitalized IDC 779,097,282 779,097,382 192,249,706\n38 Estimated IDC capitalized in 1972 8 (1,470,935,857) (1,470,935,857) (362,967,445)\n39 Interest expense (calculated) 9 (243,846,540) (243,846,540) (60,587,136)\n40\n41 Taxable income 2,158,266,445 2,158,266,445 625,891,274\n42\n43 Federal income tax at 48 percent 1,992,245,949 1,992,245,949 10 577,745,791\n1 Lines 1 thru 15, col. (1). From Notice issued Sept. 12, 1974, app. A, p. 12, col. (d).\n2 Production taxes have been deleted from col. (1).\n3 From notice issued Sept. 12, 1974, app. A, p. 12, cols. (g), (h), and (i).\n4 Col. (3) plus col. (4) plus col. (5).\n5 Calculated on a modified British thermal unit basis (1.5 to 1).\n6 Col. (7) times col. (4), plus cols. (3) and (5).\n7 See composites mailed to all parties on Feb. 13, 1974.\n8 Calculated, 188.8 percent (A R64-1-2) times $779,097,382 equals $1,470,935,857.\n9 Calculated 0.0146 (interest rate) times $16,701,817,818 (app. A, schedule 2-A, (d), line 11, p. 13) equals $243,846,540.\n10 $577,745,791 divided by 9,508,369,001 equals 6.08 cents per thousand cubic feet.","path":["Title 18—Conservation of Power and Water Resources","CHAPTER I—FEDERAL ENERGY REGULATORY COMMISSION, DEPARTMENT OF ENERGY","SUBCHAPTER A—GENERAL RULES","PART 2—GENERAL POLICY AND INTERPRETATIONS"],"source_url":"https://www.ecfr.gov/api/versioner/v1/full/2026-08-25/title-18.xml","current_through":"2026-08-25","vintage":"","retrieved_at":"2026-08-27T02:24:34Z","sha256":"f05515e89d1de942343008e66458bc91d74afc19f8369762e8257b45ae6fc4f7","source_id":"us-cfr","stale":true,"prev":"us/18-cfr-appendix-b-to-part-2","next":"us/18-cfr-3a.1"},"notice":"GroundRules: Original legal text. Not legal advice."}