(a) The Oil and Gas Commission is authorized and empowered, in the absence of the availability of satisfactory actual data based upon observed or recorded specific gravity and flowing temperature determinations, to determine the average specific gravity and average flowing temperature of the gas at the point of measurement, as produced in each oil or gas field or pool in Arkansas which, after being so determined, shall be used to calculate the standard cubic foot.
(b) If for any reason the commission has not so determined the average specific gravity and average flowing temperature of the gas produced in any oil or gas field or pool in Arkansas, the average specific gravity shall be assumed to be six-tenths (6/10) and the average flowing temperature shall be assumed to be sixty degrees Fahrenheit (60 degreesF).
(c) In the event that the commission finds the necessity therefor or upon the request of any interested party, the commission shall give notice and hold a public hearing before making those determinations.
(d) Promptly upon those determinations, the commission shall make and publish the findings and promulgate reasonable field rules as necessary to effectuate the provisions of this subchapter.
(e) Any person, association of persons, or corporation shall be permitted to use the findings and field rules of the commission for all purposes under this subchapter, but if such findings or field rules are not so used in determining volumes under this subchapter, the volumes so otherwise determined shall be corrected to the basis of the "standard cubic foot of gas" as defined in § 15-74-302. However, nothing in this subchapter shall ever prevent the use of actual recorded values and actual test data, where available, for all purposes whatsoever under this statute.
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