2004 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
Sec. 304 - Provisions authorized in lease

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Metadata
Publication TitleUnited States Code, 2000 Edition, Supplement 4, Title 30 - MINERAL LANDS AND MINING
CategoryBills and Statutes
CollectionUnited States Code
SuDoc Class NumberY 1.2/5:
Contained WithinTitle 30 - MINERAL LANDS AND MINING
CHAPTER 5 - LEASE OF OIL AND GAS DEPOSITS IN OR UNDER RAILROADS AND OTHER RIGHTS-OF-WAY
Sec. 304 - Provisions authorized in lease
Containssection 304
Date2004
Laws in Effect as of DateJanuary 3, 2005
Positive LawNo
Dispositionstandard
Source CreditMay 21, 1930, ch. 307, §4, 46 Stat. 374.
Statutes at Large Reference46 Stat. 374


§304. Provisions authorized in lease

Any lease granted by the Secretary of the Interior pursuant to this chapter may, in the discretion of said Secretary, contain a provision giving the lessee the right, with the approval of said Secretary, to shut down the operation of any well or wells the operation of which has become unprofitable, to resume operations when such resumption may result in profit, and to abandon any well or wells that cease to produce oil and/or gas in paying quantities.

(May 21, 1930, ch. 307, §4, 46 Stat. 374.)

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