Title 30 — Mineral Lands and MiningRelease 119-73not60
§224 Payments for Oil or Gas Taken Prior to Application for Lease
Title 30 › Chapter 3A— LEASES AND PROSPECTING PERMITS › Subchapter IV— OIL AND GAS › § 224
Summary
Until applying to lease the one-quarter of the permit, the holder must pay the United States 20% of gross value of oil or gas sold.
Full Legal Text
Title 30, §224
Mineral Lands and Mining — Source: USLM XML via OLRC
Until the permittee shall apply for lease to the one quarter of the permit area heretofore provided for he shall pay to the United States 20 per centum of the gross value of all oil or gas secured by him from the lands embraced within his permit and sold or otherwise disposed of or held by him for sale or other disposition.
Reference
Citations & Metadata
Citation
30 U.S.C. § 224
Title 30 — Mineral Lands and Mining
Last Updated
Apr 5, 2026
Release point: 119-73not60