Idaho § 47-805 ANNUAL RENTAL — AMOUNT — MINIMUM ROYALTY

Idaho Statutes

§ 47-805 — ANNUAL RENTAL — AMOUNT — MINIMUM ROYALTY

Idaho § 47-805

Title 47MINES AND MINING

Ch. 8OIL AND GAS LEASES ON STATE AND SCHOOL LANDS

This text of Idaho § 47-805 (ANNUAL RENTAL — AMOUNT — MINIMUM ROYALTY) is published on Counsel Stack Legal Research, covering Idaho primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Idaho Code § 47-805 (2026).

Text

Oil and gas leases shall be issued at an annual rental of not less than twenty-five cents (25¢) per acre, payable in advance, and royalty on oil and gas lands shall not be less than twelve and one-half per cent (12 1/2%) of oil and/or gas produced and saved from said lands under said lease. Royalties shall be paid in addition to rental payments, at the discretion of the board of land commissioners.

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Oil and gas leases shall be issued at an annual rental of not less than twenty-five cents (25¢) per acre, payable in advance, and royalty on oil and gas lands shall not be less than twelve and one-half per cent (12 1/2%) of oil and/or gas produced and saved from said lands under said lease. Royalties shall be paid in addition to rental payments, at the discretion of the board of land commissioners.

Legislative History

[47-805, added 1937, ch. 130, sec. 5, p. 200; am. 1949, ch. 128, sec. 4, p. 226; am. 1974, ch. 106, sec. 1, p. 1246; am. 1985, ch. 125, sec. 1, p. 309.]