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Title 30 — Mineral Lands and MiningRelease 119-73

§192a Cancellation or modification of contracts

Title 30 › Chapter CHAPTER 3A— - LEASES AND PROSPECTING PERMITS › Subchapter SUBCHAPTER I— - GENERAL PROVISIONS › § 192a

Last updated Apr 6, 2026|Official source

Summary

If a refinery has a current contract that makes it pay a premium for Government royalty oil, the refinery can send written notice to the Secretary of the Interior and pick one of two choices. The refinery can end the contract, and it will stop on the last day of the month after the month the notice is sent. Or the refinery can keep the contract but change it so the price from March 1, 1949 is the contract price with no premiums, any past premiums are credited to the refinery’s account, and the Secretary may later end the changed contract, which would end on the last day of the third month after the month the Secretary gives written notice.

Full Legal Text

Title 30, §192a

Mineral Lands and Mining — Source: USLM XML via OLRC

Where, under any existing contract entered into pursuant to the first proviso in the second paragraph of section 192 of this title, any refinery is required to pay a premium price for the purchase of Government royalty oil, such refinery may, at its option, by written notice to the Secretary of the Interior, elect either—
(1)to terminate such contract, the termination to take place at the end of the calendar month following the month in which such notice is given; or
(2)to retain such contract with the modifications, that (a) the price, on and after March 1, 1949, shall be as defined in the contract, without premium payments, (b) any credit thereby resulting from past premium payments shall be added to the refinery’s account, and (c) the Secretary may, at his option, elect to terminate the contract as so modified, such termination to take place at the end of the third calendar month following the month in which written notice thereof is given by the Secretary.

Legislative History

Notes & Related Subsidiaries

Editorial Notes

Codification Section was not enacted as part of act Feb. 25, 1920, ch. 85, 41 Stat. 437, known as the Mineral Leasing Act, which comprises this chapter.

Reference

Citations & Metadata

Citation

30 U.S.C. § 192a

Title 30 — Mineral Lands and Mining

Last Updated

Apr 6, 2026

Release point: 119-73