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Idaho Statutes Title 47. Mines and Mining § 47-805. Annual rental--Amount--Minimum royalty

Current as of January 01, 2024 | Updated by Findlaw Staff

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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Cite this article: FindLaw.com - Idaho Statutes Title 47. Mines and Mining § 47-805. Annual rental--Amount--Minimum royalty - last updated January 01, 2024 | https://codes.findlaw.com/id/title-47-mines-and-mining/id-st-sect-47-805/

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