Valuing federal oil and gas royalties

Journal Article · · Natur. Res. Environ.; (United States)

OSTI ID:6318606

Day, J M

A federal lessee cannot rely on the law of private oil and gas leases, nor can he follow standard industry practices and be assured he complies with the statutes, regulations, guidelines, and notices of the Minerals Management Services (MMS) involved in calculating the royalties due. The primary difference between a private and a federal lease is the power and discretion of the lessor. The author cites several court cases to illustrate the difficulty encountered in setting a value on a royalty and the legal disagreements that can ensue.

• Research Organization: Cotten, Day and Doyle, Washington, DC
• OSTI ID: 6318606
• Journal Information: Natur. Res. Environ.; (United States), Journal Name: Natur. Res. Environ.; (United States) Vol. 1:2; ISSN NRENE
• Country of Publication: United States
• Language: English

Related Subjects

02 PETROLEUM
021000* -- Petroleum-- Legislation & Regulations
03 NATURAL GAS
031000 -- Natural Gas-- Legislation & Regulations
29 ENERGY PLANNING, POLICY, AND ECONOMY
294002 -- Energy Planning & Policy-- Petroleum
294003 -- Energy Planning & Policy-- Natural Gas
APPRAISAL
CASE LAW
GEOLOGIC DEPOSITS
INCOME
LAWS
LAWSUITS
LEASES
LEGAL ASPECTS
MINERAL RESOURCES
NATURAL GAS DEPOSITS
PETROLEUM DEPOSITS
PUBLIC LANDS
REGULATIONS
RESOURCES
ROYALTIES
VALUES