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

FEDERAL · 30 U.S.C. · Chapter 5

Provisions authorized in lease

Current through Pub. L. 119-102

Title 30 — Mineral Lands and Mining·Ch. 5 — LEASE OF OIL AND GAS DEPOSITS IN OR UNDER RAILROADS AND OTHER RIGHTS-OF-WAY

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.

30 U.S.C. § 304 (Provisions authorized in lease) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

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History

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