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30 U.S.C. § 272Leases to permittees; privileges extended to oil and gas permittees

submitted 100 years ago by ch. 158 to r/title-30-MINERAL-LANDS-AND-MINING · 186 words · no verdicts yet

in plain englishAI-generated · not legal advice

This law lets someone holding a sulphur prospecting permit get a lease if they find valuable sulphur deposits. The lease charges a royalty of 5% of the sulphur's quantity or value. Oil and gas permit holders who discover sulphur get the same leasing right, for up to 640 acres.

If a permittee shows the Secretary of the Interior that they found valuable sulphur deposits within their prospecting permit area, and that the land is mainly valuable for sulphur, the permittee is entitled to a lease covering some or all of that land. The lease charges a royalty of 5 percent of the quantity or gross value of the sulphur produced, measured at the point where it ships to market. The leased land must be laid out in a compact shape, following official public-land survey lines. If the land has not been surveyed yet, the permittee pays for a survey done according to the Secretary of the Interior's regulations. There is also a special rule: if someone holding an oil and gas permit discovers sulphur on that permitted land, they get the same right to lease up to 640 acres of that land, under the same terms and conditions given to a regular sulphur permittee.
the actual law source: uscode.house.gov ↗public domain

Upon showing to the satisfaction of the Secretary of the Interior that valuable deposits of sulphur have been discovered by the permittee within the area covered by his permit, and that the land is chiefly valuable therefor, the permittee shall be entitled to a lease for any or all of the land embraced in the prospecting permit, at a royalty of 5 per centum of the quantity or gross value of the output of sulphur at the point of shipment to market, such lease to be taken in compact form by legal subdivisions of the public-land surveys; or if the land be not surveyed, by survey executed at the cost of the permittee in accordance with regulations prescribed by the Secretary of the Interior: Provided, That where any person having been granted an oil and gas permit makes a discovery of sulphur in lands covered by said permit, he shall have the same privilege of leasing not to exceed six hundred and forty acres of said land under the same terms and conditions as are given a sulphur permittee under the provisions of this section.

Source credit: (Apr. 17, 1926, ch. 158, § 2, 44 Stat. 301.)

history & why it existsrecord from the source credit
  • 1926Enacted · Act of Apr. 17, 1926, ch. 158 · 44 Stat. 301

A history note hasn’t been published yet. The record shows enactment by ch. 158 on 1926-04-17.

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