FEDERAL · 30 U.S.C. · Chapter 5
Royalties under lease
30 U.S.C. § 305
Title30 — Mineral Lands and Mining
Chapter5 — LEASE OF OIL AND GAS DEPOSITS IN OR UNDER RAILROADS AND OTHER RIGHTS-OF-WAY
This text of 30 U.S.C. § 305 (Royalties under 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. § 305.
Text
The royalty to be paid to the United States under any lease to be issued, or agreement made pursuant to this chapter, shall be determined by the Secretary of the Interior, in no case to be less than 12½ per centum in amount or value of the production, nor for more than twenty years: Provided, That when the oil or gas is produced from land adjacent to the right of way the amount or value of the royalty to be paid to the United States shall be within the discretion of the Secretary of the Interior: Provided further, That when the daily average production of any oil well does not exceed ten barrels per day said Secretary may, in his discretion, reduce the royalty on subsequent production.
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Related
Union Pacific Railroad v. Santa Fe Pacific Pipelines, Inc.
231 Cal. App. 4th 134 (California Court of Appeal, 2014)
Source Credit
History
(May 21, 1930, ch. 307, §5, 46 Stat. 374.)
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Bluebook (online)
30 U.S.C. § 305, Counsel Stack Legal Research, https://law.counselstack.com/usc/30/305.