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

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Release point 115-35 · current through 05/17/2017

§ 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.

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

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Cite this exact text: /us/usc/?id=id541c844d-4155-11e7-83e5-c02dadb2bb0a

Citation URL: /us/usc/t30/s224?release=115-35