2011 US Code
Title 30 - Mineral Lands and Mining
Chapter 5 - LEASE OF OIL AND GAS DEPOSITS IN OR UNDER RAILROADS AND OTHER RIGHTS-OF-WAY (§§ 301 - 306)
Section 305 - Royalties under lease
View Metadata| Publication Title | United States Code, 2006 Edition, Supplement 5, Title 30 - MINERAL LANDS AND MINING |
| Category | Bills and Statutes |
| Collection | United States Code |
| SuDoc Class Number | Y 1.2/5: |
| Contained Within | Title 30 - MINERAL LANDS AND MINING CHAPTER 5 - LEASE OF OIL AND GAS DEPOSITS IN OR UNDER RAILROADS AND OTHER RIGHTS-OF-WAY Sec. 305 - Royalties under lease |
| Contains | section 305 |
| Date | 2011 |
| Laws in Effect as of Date | January 3, 2012 |
| Positive Law | No |
| Disposition | standard |
| Source Credit | May 21, 1930, ch. 307, §5, 46 Stat. 374. |
| Statutes at Large Reference | 46 Stat. 374 |
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The royalty to be paid to the United States under any lease to be issued, or agreement made pursuant to this chapter, shall be determined by the Secretary of the Interior, in no case to be less than 12½ per centum in amount or value of the production, nor for more than twenty years: Provided, That when the oil or gas is produced from land adjacent to the right of way the amount or value of the royalty to be paid to the United States shall be within the discretion of the Secretary of the Interior: Provided further, That when the daily average production of any oil well does not exceed ten barrels per day said Secretary may, in his discretion, reduce the royalty on subsequent production.
(May 21, 1930, ch. 307, §5, 46 Stat. 374.)
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