§ 358. — Rights under prior leases; priority of pending applications; exchange of leases.
[Laws in effect as of January 24, 2002]
[Document not affected by Public Laws enacted between
January 24, 2002 and December 19, 2002]
[CITE: 30USC358]
TITLE 30--MINERAL LANDS AND MINING
CHAPTER 7--LEASE OF MINERAL DEPOSITS WITHIN ACQUIRED LANDS
Sec. 358. Rights under prior leases; priority of pending
applications; exchange of leases
Nothing in this chapter shall affect any rights acquired by any
lessee of lands subject to this chapter under the law as it existed
prior to August 7, 1947, and such rights shall be governed by the law in
effect at the time of their acquisition; but any person qualified to
hold a lease who, on August 7, 1947, had pending an application for an
oil and gas lease for any lands subject to this chapter which on the
date the application was filed was not situated within the known
geologic structure of a producing oil or gas field, shall have a
preference right over others to a lease of such lands without
competitive bidding. Any person holding a lease on lands subject hereto,
which lease was issued prior to August 7, 1947, shall be entitled to
exchange such lease for a new lease issued under the provisions of this
chapter, at any time prior to the expiration of such existing lease.
(Aug. 7, 1947, ch. 513, Sec. 9, 61 Stat. 915.)
Outer Continental Shelf; Jurisdiction of United States; Validation of
Prior Leases
Jurisdiction of United States over outer Continental Shelf, grant of
leases on submerged lands thereof, and validation of prior leases, see
section 1331 et seq. of Title 43, Public Lands.
