Or. Admin. Code § 141-070-0130 - Royalties
The minimum royalties on all leases shall be:
(1) Oil -- One-eighth of the market value at
well head.
(2) Gas -- One-eighth of
the proceeds from sale of gas as calculated at well head.
(3) Sulphur -- One dollar per long
ton.
(4) At the discretion of the
Director, royalties for negotiated leases and for leases within six miles of a
shut in or producing oil and gas well may be in excess of the minimum royalty
but not to exceed 3/8 of the value as described under sections (1) and (2) of
this rule.
(5) The lessee shall
furnish monthly royalty statements specifying the total production, sales
price, taxes, and the state's share of production attributable to each leased
parcel of state land.
(6) Any
person authorized by the state may examine all books and records pertaining to
oil and gas resources taken from the leased lands.
(7) The state shall have the right to
measure, sample and/or witness the removal of all substances from the leased
lands at any reasonable time.
Notes
Stat. Auth.: ORS 273
Stats. Implemented: ORS 273 .780 - ORS 273 .790
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