47-805 ANNUAL RENTAL -- AMOUNT -- MINIMUM ROYALTY. - Idaho Statutes

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Statutes > Idaho > Title47 > T47ch8 > T47ch8sect47-805

TITLE 47

MINES AND MINING

CHAPTER 8

OIL AND GAS LEASES ON STATE AND SCHOOL LANDS

47-805. Annual rental -- Amount -- Minimum royalty. Oil and gas leases shall be issued at an annual rental of not less than twenty-five cents (25¢) per acre, payable in advance, and royalty on oil and gas lands shall not be less than twelve and one-half per cent (12 1/2%) of oil and/or gas produced and saved from said lands under said lease. Royalties shall be paid in addition to rental payments, at the discretion of the board of land commissioners.

State Codes and Statutes

Statutes > Idaho > Title47 > T47ch8 > T47ch8sect47-805

TITLE 47

MINES AND MINING

CHAPTER 8

OIL AND GAS LEASES ON STATE AND SCHOOL LANDS

47-805. Annual rental -- Amount -- Minimum royalty. Oil and gas leases shall be issued at an annual rental of not less than twenty-five cents (25¢) per acre, payable in advance, and royalty on oil and gas lands shall not be less than twelve and one-half per cent (12 1/2%) of oil and/or gas produced and saved from said lands under said lease. Royalties shall be paid in addition to rental payments, at the discretion of the board of land commissioners.

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State Codes and Statutes

Statutes > Idaho > Title47 > T47ch8 > T47ch8sect47-805

TITLE 47

MINES AND MINING

CHAPTER 8

OIL AND GAS LEASES ON STATE AND SCHOOL LANDS

47-805. Annual rental -- Amount -- Minimum royalty. Oil and gas leases shall be issued at an annual rental of not less than twenty-five cents (25¢) per acre, payable in advance, and royalty on oil and gas lands shall not be less than twelve and one-half per cent (12 1/2%) of oil and/or gas produced and saved from said lands under said lease. Royalties shall be paid in addition to rental payments, at the discretion of the board of land commissioners.