
From the U.S. Code Online via GPO Access
[wais.access.gpo.gov]
[Laws in effect as of January 2, 2001]
[Document not affected by Public Laws enacted between
  January 2, 2001 and January 28, 2002]
[CITE: 30USC305]

 
                   TITLE 30--MINERAL LANDS AND MINING
 
CHAPTER 5--LEASE OF OIL AND GAS DEPOSITS IN OR UNDER RAILROADS AND OTHER 
                              RIGHTS-OF-WAY
 
Sec. 305. Royalties under lease

    The royalty to be paid to the United States under any lease to be 
issued, or agreement made pursuant to this chapter, shall be determined 
by the Secretary of the Interior, in no case to be less than 12\1/2\ per 
centum in amount or value of the production, nor for more than twenty 
years: Provided, That when the oil or gas is produced from land adjacent 
to the right of way the amount or value of the royalty to be paid to the 
United States shall be within the discretion of the Secretary of the 
Interior: Provided further, That when the daily average production of 
any oil well does not exceed ten barrels per day said Secretary may, in 
his discretion, reduce the royalty on subsequent production.

(May 21, 1930, ch. 307, Sec. 5, 46 Stat. 374.)
