U.S.C. Title 30 - MINERAL LANDS AND MINING

30 U.S.C.
United States Code, 2023 Edition
Title 30 - MINERAL LANDS AND MINING
CHAPTER 3A - LEASES AND PROSPECTING PERMITS
SUBCHAPTER IV - OIL AND GAS
Sec. 224 - Payments for oil or gas taken prior to application for lease
From the U.S. Government Publishing Office, www.gpo.gov

§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.)