Okla. Stat. tit. 68, § 68-2851

A. Each pipeline company doing business in this state shall

return to the Oklahoma Tax Commission a sworn statement or schedule

as follows:

1. The right-of-way and main line, giving the entire length of

main line in this and other states, showing the size of pipe and

showing the proportion in each city, school district, and county,

and the total in this state;

2. The total length of each lateral or branch line and the size

of the pipe, together with the name of each city, school district,

and county in which such lateral and branch lines are located;

3. A complete list giving location as to city, school district

or county of all pumping stations, storage depots, machine shops, or

other buildings together with all machinery, tools, tanks and

material;

4. A statement or schedule showing the amount of its authorized

capital stock and the number of shares into which the same is

divided; the amount of capital stock paid up; the market value of

such stock, or if it has no market value, then the actual value

Oklahoma Statutes - Title 68. Revenue and Taxation Page 1182

thereof, and the total amount of outstanding bonded indebtedness;

and

5. A correct detailed statement of all other personal property,

including oil in storage, and giving the location thereof.

B. Notwithstanding the provisions of Section 205 of this title,

the Tax Commission shall provide the assessor for each county listed

in the report, required by this section, schedules which detail

descriptions and corresponding values by taxing jurisdiction of all

pipeline company property listed in such reports to ensure that

property is reported for, and resulting tax revenues are attributed

to, the correct city, school district and county where taxable

property is located.