Amending the Oil and Gas Leasing Act of 1920 .. Hearings ... on H.R. 5530, (H.R. 8289) ... April 15-23, 19251935 - 267 pages |
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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 369 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 369 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 ...
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Common terms and phrases
122 percent acreage acres amendment amount application authority AYERS barrels bill bonus California canceled centum CHAIRMAN committee competitive bidding Congress conservation cooperative or unit DANAHER DEMPSEY Department deposits of oil discovery drilling expire extension February 25 Federal FREEMAN gas field gas leases going Government lands granted GREEVER interest Interior JACKSON James Rolph June 30 Kern County known geological structure leases issued Leasing Act less than 12½ lessee ment Midway School mineral Montana MOTT natural gas naval petroleum reserve Navy Ohio Oil Co oil and gas oil or gas oil shale PATTERSON period permittee pipe line plan of development POOLE preference right prescribed private lands producing oil production proposed prospecting permits public domain public lands question reason reference regulations rental ROBINSON royalty royalty rate Secretary section 17 section 28 STABLER Survey TALLMAN tion tract unit operation unit plan Wyoming