Amending the Oil and Gas Leasing Act of 1920: Hearings Before the Committee on the Public Lands, House of Representatives, Seventy-fourth Congress, First Session, on H.R. 5530 (H.R. 8289), a Bill to Amend an Act Entitled "An Act to Promote the Mining of Coal, Phosphate, Oil, Oil Shale, Gas, and Sodium on the Public Domain" Approved February 25, 1920 (41 Stat. 437; U.S.C., Title 30, Secs. 185, 221, 223, and 226), as Amended. April 15, 16, 17, 18, 19, 20, 22, and 23, 1935U.S. Government Printing Office, 1935 - 269 pages |
From inside the book
Results 1-5 of 45
Page 3
... barrels per well per day , the Secretary of the Interior , for the purpose of encouraging the greatest ultimate recovery of oil and in the interest of conserva- tion of natural resources , is authorized to reduce the royalty on future ...
... barrels per well per day , the Secretary of the Interior , for the purpose of encouraging the greatest ultimate recovery of oil and in the interest of conserva- tion of natural resources , is authorized to reduce the royalty on future ...
Page 16
... barrels a day , were completed in 1861 . In 1859 , the total production of the country was 2,000 barrels and the average price of oil was $ 16 a barrel . In 1860 the production had risen to 500,000 barrels for the year , and the average ...
... barrels a day , were completed in 1861 . In 1859 , the total production of the country was 2,000 barrels and the average price of oil was $ 16 a barrel . In 1860 the production had risen to 500,000 barrels for the year , and the average ...
Page 17
... barrels . The aggregate production from the time of the Drake well then amounted to 2,400,000,000 barrels , and the price of 36 ° Mid - Con- tinent crude oil was then about 35 cents a barrel . Then ensued a period of 10 years in which ...
... barrels . The aggregate production from the time of the Drake well then amounted to 2,400,000,000 barrels , and the price of 36 ° Mid - Con- tinent crude oil was then about 35 cents a barrel . Then ensued a period of 10 years in which ...
Page 18
... barrel in 1927 by the discovery , in the fall of 1926 , of the first of the Seminole pools of Oklahoma and their subsequent heavy production . The annual production rose above 900,000,000 barrels in 1927 and has remained at about that ...
... barrel in 1927 by the discovery , in the fall of 1926 , of the first of the Seminole pools of Oklahoma and their subsequent heavy production . The annual production rose above 900,000,000 barrels in 1927 and has remained at about that ...
Page 19
... barrel . That period was almost immediately succeeded by the period of surplus , and the oil price dropped to $ 1 during the next year , followed by overproduction , proration , shipment to foreign countries from the Salt Creek field of ...
... barrel . That period was almost immediately succeeded by the period of surplus , and the oil price dropped to $ 1 during the next year , followed by overproduction , proration , shipment to foreign countries from the Salt Creek field of ...
Common terms and phrases
122 percent acreage acres amendment application authority AYERS barrels bill bonus California canceled CHAIRMAN committee competitive bidding Congress cooperative or unit DANAHER DEMPSEY deposits of oil discovery drilling equities expire extension February 25 gas field gas leases Government lands granted GREEVER interest Interior JACKSON James Rolph June 30 Kern County known geological structure leases issued Leasing Act legislation less than 122 lessee ment Midway School mineral Montana MOTT natural gas naval petroleum reserve Navy Department oil and gas oil or gas oil shale PATTERSON paying quantities period permittee pipe line plan of development POOLE preference right prescribed private lands produced in paying producing oil production proposed prospecting permits provided further public domain public lands reasonable regulations rental ROBINSON royalty royalty rate Secretary section 17 section 28 STABLER surveys TALLMAN thereafter as oil tion tract unit plan unless valuable deposits Wyoming
Popular passages
Page 121 - ... shall be paid by the Secretary of the Treasury after the expiration of each fiscal year to the State within the boundaries of which the leased lands or deposits are or were located, said moneys to be used by such State or...
Page 121 - Senate of the State of California, jointly. That the Legislature of the State of California respectfully memorializes the President and the Congress of the United States...
Page 116 - Provided, That all moneys which may accrue to the United States under the provisions of this Act from lands within the naval petroleum reserves shall be deposited in the Treasury as
Page 2 - ... preference right over others to a permit for the land so identified. The applicant shall, within ninety days after receiving a permit, mark each of the corners of the tract described in the permit upon the ground with substantial monuments, so that the boundaries can be readily traced on the ground, and shall post in a conspicuous place upon the lands a notice that such permit has been granted and a description of the lands covered thereby: Provided, That in the Territory of Alaska prospecting...
Page 109 - An act to authorize the President of the United States to make withdrawals of public lands in certain cases (36 Stat, 847)," shall hereafter, subject to valid existing rights, constitute Naval Petroleum Reserve No.
Page 259 - States and are not within any known geological structure of a producing oil or gas field upon condition that the permittee shall begin drilling operations within six months from the date of the permit, and shall, within one year from and after the date of permit, drill one or more wells for oil or gas to a depth of not less than five hundred feet each, unless valuable deposits of oil or gas shall be sooner discovered...
Page 4 - That any lease issued under the provisions of this act may be forfeited and canceled by an appropriate proceeding in the United States district court for the district in which the property, or some part thereof, is located...
Page 49 - It is agreed that this lease shall remain in force for a term of years from this date, and as long thereafter as oil or gas, or either of them, is produced from said land by the lessee.
Page 260 - The area to be selected by the permittee shall be in compact form and, if surveyed, to be described by the legal subdivisions of the...
Page 251 - ... or of any company operating the same which may be operated accessible to the oil derived from lands under such lease, shall at reasonable rates and without discrimination accept and convey the oil of the Government -or of any citizen or company not the owner of any pipe line, operating a lease or purchasing gas or oil under the provisions of this Act...