South Dakota § 5-7-42 Amount of royalty for leases of lands assigned oil and gas royalty increment status.

South Dakota Statutes

§ 5-7-42 — Amount of royalty for leases of lands assigned oil and gas royalty increment status.

South Dakota § 5-7-42

Title 5PUBLIC PROPERTY, PURCHASES AND CONTRACTS

Ch. 5-7MINERALS ON SCHOOL AND PUBLIC LANDS

This text of South Dakota § 5-7-42 (Amount of royalty for leases of lands assigned oil and gas royalty increment status.) is published on Counsel Stack Legal Research, covering South Dakota primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

S.D. Codified Laws § 5-7-42 (2026).

Text

Notwithstanding the provisions of § 5-7-24 , the commissioner may offer oil and gas leases for lands assigned oil and gas royalty increment status with a royalty of one - sixteenth of the oil and gas produced, saved and marketed from the leased lands for the first three years of the lease. The royalty on the lease shall automatically increase to one - twelfth of the oil and gas produced, saved and marketed from the leased lands for the second three years of the lease. Thereafter, the royalty on the lease shall automatically increase to a minimum of one - eighth of the oil and gas produced, saved and marketed from the leased lands, as established by the commissioner. All other terms of the oil and gas lease for state minerals assigned royalty increment status shall be the same as the standa

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Notwithstanding the provisions of § 5-7-24 , the commissioner may offer oil and gas leases for lands assigned oil and gas royalty increment status with a royalty of one - sixteenth of the oil and gas produced, saved and marketed from the leased lands for the first three years of the lease. The royalty on the lease shall automatically increase to one - twelfth of the oil and gas produced, saved and marketed from the leased lands for the second three years of the lease. Thereafter, the royalty on the lease shall automatically increase to a minimum of one - eighth of the oil and gas produced, saved and marketed from the leased lands, as established by the commissioner. All other terms of the oil and gas lease for state minerals assigned royalty increment status shall be the same as the standard oil and gas lease for state minerals.