This is a 2022 Oil and Gas Appraisal Guide
This guide provides instructions and pricing schedules for valuing oil and gas properties in Kansas for the 2022 tax year. It includes tables for crude oil prices by gravity and region, market adjustment factors, and rules for assessing gathering systems and equipment. The guide also outlines requirements for tax forms, signatures, and how to handle exemptions and deductions. It is issued by the State of Kansas Department of Revenue, Division of Property Valuation.
| Market Adjustment Factor (MAF) | 1.05 |
|---|---|
| General Kansas Crude Oil Price Schedule | Gravity-based pricing for exempt and severance tax leases |
The Market Adjustment Factor for 2022 is 1.05, reflecting a 5% adjustment for market conditions.
Crude oil prices are determined by gravity and region, with separate schedules for General Kansas and Eastern Kansas.