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Current as of January 02, 2025 | Updated by Findlaw Staff
(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.
Cite this article: FindLaw.com - Code of Federal Regulations Title 43. Public Lands: Interior § 43.3903.52 Production royalties - last updated January 02, 2025 | https://codes.findlaw.com/cfr/title-43-public-lands-interior/cfr-sect-43-3903-52/
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