§ 304. — Provisions authorized in 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: 30USC304]
TITLE 30--MINERAL LANDS AND MINING
CHAPTER 5--LEASE OF OIL AND GAS DEPOSITS IN OR UNDER RAILROADS AND OTHER
RIGHTS-OF-WAY
Sec. 304. Provisions authorized in lease
Any lease granted by the Secretary of the Interior pursuant to this
chapter may, in the discretion of said Secretary, contain a provision
giving the lessee the right, with the approval of said Secretary, to
shut down the operation of any well or wells the operation of which has
become unprofitable, to resume operations when such resumption may
result in profit, and to abandon any well or wells that cease to produce
oil and/or gas in paying quantities.
(May 21, 1930, ch. 307, Sec. 4, 46 Stat. 374.)
