PART XV.  OIL FIELD EQUIPMENT

§913.  Oil field equipment sales documentation

Any person who purchases machinery or other equipment or processed materials necessary for or incidental to, or for the purpose of drilling, producing, or maintaining oil or gas wells, including but not limited to holding tanks, transmission lines, and metering and safety equipment with a value of five hundred dollars or more per item, shall retain an invoice or receipt documenting such purchase which shall include the following information:

(1)  The name and address of the buyer, as well as the name of the purchasing agent if the particular machinery, equipment, or materials were ordered by a person designated as a purchasing agent.

(2)  The name and address of the seller.

(3)  If the seller is a company, the name, address, driver's license number, and social security number of the person representing the company in the sale.

(4)  The date and place of the sale.

(5)  An identification of each item purchased and its identification number or marking, if such number or marking exists; provided that, if the machinery, equipment, or materials are intended to be used as a unit, then only the identification number or marking of the unit or principal part thereof shall be recorded.

Added by Acts 1982, No. 549, §1; Acts 2005, No. 423, §1.