"Gross value." The gross proceeds received or receivable for
property transferred, except as follows:
(1) In a transaction involving related parties, gross
proceeds of the property transferred may not be less than the
fair market value of similar grade and quality property.
(2) In the absence of a sale, gross proceeds of the
property transferred may not be less than the fair market
value of similar grade and quality property.
(3) In a transaction where property is transferred for
the purpose of processing and resale, gross proceeds of the
property transferred may not be less than the fair market
value of similar grade and quality property.
"Meter." A device to measure the passage of volumes of gases
or liquids past a certain point.
"Natural gas." A fossil fuel consisting of a mixture of
hydrocarbon gases, including methane, ethane, propane, butane,
carbon dioxide, oxygen, nitrogen and hydrogen sulfide and other
gas species. The term includes natural gas from oil fields known
as associated gas or casing head gas, natural gas fields known
as nonassociated gas, coal beds, shale beds and other
formations. The term does not include coal bed methane.
"Natural gas liquids." Hydrocarbons, including ethane,
propane, butane, isobutane and pentane, that are separated from
natural gas as liquids through the process of absorption,
condensation, adsorption, cooling in gas separators or gas
processing of cycling plants.
"Person." Includes a corporation, partnership, limited
liability company, business trust, other association, a
government entity other than the Commonwealth, estate, trust,
foundation or natural person.
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