10 U.S.C. § 8724 — Protection of oil reserves; contracts for conservation
submitted 70 years ago by ch. 1041 to r/title-10-ARMED-FORCES · 135 words · no verdicts yet
A translation hasn’t been published for this section yet. The official text below is complete and authoritative.
To consolidate and protect the oil lands owned by the United States, the Secretary* may—
contract with owners and lessees of land inside or adjoining naval petroleum reserves* for—
conservation of oil and gas; and
compensation for estimated drainage in lieu of drilling or operating offset wells; and
acquire privately owned lands or leases inside Naval Petroleum* Reserve Numbered 1 by exchange of—
lands of the United States inside Naval Petroleum Reserve Numbered 1;
the right to royalty production from any of the naval petroleum reserves; and
the right to any money due the United States as a result of the wrongful extraction of petroleum products from lands inside Naval Petroleum Reserve Numbered 1.
The Secretary shall report annually to Congress all agreements under this section.
Source credit: (Aug. 10, 1956, ch. 1041, 70A Stat. 458, § 7424; Pub. L. 87–796, § 1(4), Oct. 11, 1962, 76 Stat. 904; Pub. L. 94–258, title II, § 201(5), Apr. 5, 1976, 90 Stat. 309; Pub. L. 96–513, title V, § 513(32)(A), Dec. 12, 1980, 94 Stat. 2933; renumbered § 8724, Pub. L. 115–232, div. A, title VIII, § 807(d)(5), Aug. 13, 2018, 132 Stat. 1836.)
- 1956Enacted · Act of Aug. 10, 1956, ch. 1041
- 1962Amended · Pub. L. 87-796 · 76 Stat. 904
- 1976Amended · Pub. L. 94-258 · 90 Stat. 309
- 1980Amended · Pub. L. 96-513 · 94 Stat. 2933
- 2018Amended · Pub. L. 115-232 · 132 Stat. 1836
A history note hasn’t been published yet. The record shows enactment by ch. 1041 on 1956-08-10.
all 0 arguments · sorted by: best
no arguments yet — make the first case