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§ 224. Payments for oil or gas taken prior to application for lease

Type Statute
Publication 2024-12-20
State In force
Department United States Congress
Source OLRC
Reform history JSON API
§ 224. Payments for oil or gas taken prior to application for lease

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.

(Feb. 25, 1920, ch. 85, § 15, 41 Stat. 442.)

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