Montana § 77-4-126 Royalties And Rentals

Montana Statutes

§ 77-4-126 — Royalties And Rentals

Montana § 77-4-126

Title 77STATE LANDS

Ch. 4RENEWABLE RESOURCES

Part 1Geothermal Resources

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Bluebook

Mont. Code Ann. § 77-4-126 (2026).

Text

77-4-126 . Royalties and rentals. Geothermal leases shall be issued at an annual rental of not less than $1 per acre, payable in advance and/or a royalty which shall not be less than 10% of the amount or value of steam or other forms of heat or energy derived from the production under the lease and sold or utilized by the lessee or reasonably susceptible to sale or utilization by the lessee and not more than 5% of any byproduct derived from production under the lease and sold or utilized or reasonably susceptible of sale or utilization by the lessee.

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77-4-126 . Royalties and rentals. Geothermal leases shall be issued at an annual rental of not less than $1 per acre, payable in advance and/or a royalty which shall not be less than 10% of the amount or value of steam or other forms of heat or energy derived from the production under the lease and sold or utilized by the lessee or reasonably susceptible to sale or utilization by the lessee and not more than 5% of any byproduct derived from production under the lease and sold or utilized or reasonably susceptible of sale or utilization by the lessee.