GroundRules
43 CFR 3903.52: Production royalties.
Where this section sits in the code
- Title 43—Public Lands: Interior
- Subtitle B—Regulations Relating to Public Lands
- CHAPTER II—BUREAU OF LAND MANAGEMENT, DEPARTMENT OF THE INTERIOR
- SUBCHAPTER C—MINERALS MANAGEMENT (3000)
- PART 3900—OIL SHALE MANAGEMENT—GENERAL
- Subpart 3903—Fees, Rentals, and Royalties
(a) The lessee must pay royalties on all products of oil shale that are sold from or transported off of the lease.
(b) The royalty rate for the products of oil shale is 5 percent of the amount or value of production for the first 5 years of commercial production. The royalty rate will increase by 1% each year starting the sixth year of commercial production to a maximum royalty rate of 12 1/2% in the thirteenth year of commercial production.
Collected 2026-08-27T02:26:15Z. Source file · JSON