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. 305 - Royalties under lease

View Metadata
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. 305 - Royalties under lease
Containssection 305
Date2004
Laws in Effect as of DateJanuary 3, 2005
Positive LawNo
Dispositionstandard
Source CreditMay 21, 1930, ch. 307, §5, 46 Stat. 374.
Statutes at Large Reference46 Stat. 374


§305. Royalties under lease

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 121/2 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.)

Disclaimer: These codes may not be the most recent version. The United States Government Printing Office may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the US site. Please check official sources.