Montana Statutes
§ 77-4-126 — Royalties And Rentals
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.
Free access — add to your briefcase to read the full text and ask questions with AI
Montana § 77-4-126 (Royalties And Rentals) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
En. 81-2605 by Sec. 5, Ch. 111, L. 1974; R.C.M. 1947, 81-2605.
Nearby Sections
15
§ 77-4-101
Geothermal Leases Authorized§ 77-4-102
Definitions§ 77-4-103
Rules§ 77-4-104
Nature Of Geothermal Resources§ 77-4-105
State Retention Of Geothermal Resources§ 77-4-106
Bonding Requirements§ 77-4-107
Compensation To Surface Lessee§ 77-4-109
Conflicting Leases§ 77-4-110
Through 77-4-120 Reserved§ 77-4-121
Provisions Of The Lease§ 77-4-122
Duration Of Lease§ 77-4-123
Extension Of Lease§ 77-4-124
Operating Agreements§ 77-4-125
Pooling Agreements And Unit Operations