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 2
... discovery , at a royalty of not less than 121⁄2 per centum or value of the pro- duction , to be determined by the Secretary of the Interior by general rule and under such other conditions as are fixed in section 17 of this Act . " SEC ...
... discovery , at a royalty of not less than 121⁄2 per centum or value of the pro- duction , to be determined by the Secretary of the Interior by general rule and under such other conditions as are fixed in section 17 of this Act . " SEC ...
Page 3
... discovery of oil or gas on the lands for which application is made : And provided further , That the person first making application for the lease of any lands not within any known geological structure of a producing oil or gas field ...
... discovery of oil or gas on the lands for which application is made : And provided further , That the person first making application for the lease of any lands not within any known geological structure of a producing oil or gas field ...
Page 5
... discovery and production of oil and gas from the early days of the industry , the lessee pays the lessor a bonus in cash for the privilege of leasing and a percentage royalty on production ob- tained . The amount of bonus and royalty ...
... discovery and production of oil and gas from the early days of the industry , the lessee pays the lessor a bonus in cash for the privilege of leasing and a percentage royalty on production ob- tained . The amount of bonus and royalty ...
Page 6
... discovery of oil or gas . The proviso in section 17 that gives an applicant for lease of lands not within the known structure of a producing field a preference right thereto without com- petition , in its present form , is believed to ...
... discovery of oil or gas . The proviso in section 17 that gives an applicant for lease of lands not within the known structure of a producing field a preference right thereto without com- petition , in its present form , is believed to ...
Page 16
... discovery in Colorado was in 1862 , in California in 1866 , in Louisiana in 1902 , Utah 1907 , New Mexico 1913 , and in Montana 1916 . The history of the industry is dependent very largely on the de- velopment of the internal combustion ...
... discovery in Colorado was in 1862 , in California in 1866 , in Louisiana in 1902 , Utah 1907 , New Mexico 1913 , and in Montana 1916 . The history of the industry is dependent very largely on the de- velopment of the internal combustion ...
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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