Amending the Oil and Gas Leasing Act of 1920 .. Hearings ... on H.R. 5530, (H.R. 8289) ... April 15-23, 19251935 - 267 pages |
From inside the book
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Page 2
... lessee of such bonus as may be accepted and of such royalty as may be fixed in the lease , which shall not be less than 121⁄2 per centum nor more than 25 per centum in amount or value of the production , and the payment in advance of a ...
... lessee of such bonus as may be accepted and of such royalty as may be fixed in the lease , which shall not be less than 121⁄2 per centum nor more than 25 per centum in amount or value of the production , and the payment in advance of a ...
Page 3
... lessee to operate under such a cooperative or unit plan for the development and operation of any such area , field , or pool as he may approve or prescribe . " Leases hereafter issued under this section shall be for a period of five ...
... lessee to operate under such a cooperative or unit plan for the development and operation of any such area , field , or pool as he may approve or prescribe . " Leases hereafter issued under this section shall be for a period of five ...
Page 4
... lessee , assignee , or beneficiary , if owner , or operator or owner of a controlling interest in any pipe line or of any company operating the same which may be operated accessible to the oil derived from lands under such lease , shall ...
... lessee , assignee , or beneficiary , if owner , or operator or owner of a controlling interest in any pipe line or of any company operating the same which may be operated accessible to the oil derived from lands under such lease , shall ...
Page 5
... 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 paid for private lands has been a matter for trading between the interested parties ...
... 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 paid for private lands has been a matter for trading between the interested parties ...
Page 6
... lessee may , if he so desires , exchange an outstanding lease for a lease under the act as amended . It is also provided that the Secretary of the Interior may issue new leases at a royalty rate of not less than 122 percent and upon ...
... lessee may , if he so desires , exchange an outstanding lease for a lease under the act as amended . It is also provided that the Secretary of the Interior may issue new leases at a royalty rate of not less than 122 percent and upon ...
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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