30 U.S.C. § 304 — Provisions authorized in lease

FEDERAL · 30 U.S.C. · Chapter 5

Provisions authorized in lease

30 U.S.C. § 304

Chapter5 — LEASE OF OIL AND GAS DEPOSITS IN OR UNDER RAILROADS AND OTHER RIGHTS-OF-WAY

This text of 30 U.S.C. § 304 (Provisions authorized in lease) is published on Counsel Stack Legal Research, covering United States primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

30 U.S.C. § 304.

Text

Any lease granted by the Secretary of the Interior pursuant to this chapter may, in the discretion of said Secretary, contain a provision giving the lessee the right, with the approval of said Secretary, to shut down the operation of any well or wells the operation of which has become unprofitable, to resume operations when such resumption may result in profit, and to abandon any well or wells that cease to produce oil and/or gas in paying quantities.

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Any lease granted by the Secretary of the Interior pursuant to this chapter may, in the discretion of said Secretary, contain a provision giving the lessee the right, with the approval of said Secretary, to shut down the operation of any well or wells the operation of which has become unprofitable, to resume operations when such resumption may result in profit, and to abandon any well or wells that cease to produce oil and/or gas in paying quantities.

Source Credit

History

(May 21, 1930, ch. 307, §4, 46 Stat. 374.)

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Bluebook (online)

30 U.S.C. § 304, Counsel Stack Legal Research, https://law.counselstack.com/usc/30/304.