OAR 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 38 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.
Last Updated

Jun. 8, 2021

Rule 141-070-0130’s source at or​.us