§ 305. — Royalties under lease.
[Laws in effect as of January 24, 2002]
[Document not affected by Public Laws enacted between
January 24, 2002 and December 19, 2002]
[CITE: 30USC305]
TITLE 30--MINERAL LANDS AND MINING
CHAPTER 5--LEASE OF OIL AND GAS DEPOSITS IN OR UNDER RAILROADS AND OTHER
RIGHTS-OF-WAY
Sec. 305. Royalties under lease
The royalty to be paid to the United States under any lease to be
issued, or agreement made pursuant to this chapter, shall be determined
by the Secretary of the Interior, in no case to be less than 12\1/2\ per
centum in amount or value of the production, nor for more than twenty
years: Provided, That when the oil or gas is produced from land adjacent
to the right of way the amount or value of the royalty to be paid to the
United States shall be within the discretion of the Secretary of the
Interior: Provided further, That when the daily average production of
any oil well does not exceed ten barrels per day said Secretary may, in
his discretion, reduce the royalty on subsequent production.
(May 21, 1930, ch. 307, Sec. 5, 46 Stat. 374.)
