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30 U.S.C. § 192 — Payment of royalties in oil or gas; sale of such oil or gas
Federal law — U.S. Code and appendices · legal_authorities
All royalty accruing to the United States under any oil or gas lease or permit under this chapter on demand of the Secretary of the Interior shall be paid in oil or gas.
Source: Supplied U.S. Code snapshot — release unconfirmed · 30 U.S.C. § 192
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Source file: Laws/federal/codes/united-states-code/title-30/section-192-payment-of-royalties-in-oil-or-gas-sale-of-such-oil-or-gas--eae5634ad3.md
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Source location: Title 30, Chapter 3A, § 192; chapter-3a-leases-and-prospecting-permits.md
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All royalty accruing to the United States under any oil or gas lease or permit under this chapter on demand of the Secretary of the Interior shall be paid in oil or gas.
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Federal law — U.S. Code and appendices · legal_authorities
**(a) Oil and gas leases; award to highest responsible qualified bidder; method of bidding; royalty relief; Congressional consideration of bidding system; notice**
(1) The Secretary is authorized to grant to the highest responsible qualified bidder or bidders by competitive bidding, under regulations promulgated in advance, any oil and gas lease on submerged lands of the outer Continental Shelf which are not covered by leases meeting the requirements of subsection (a) of [section 1335 of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title43-section1335&num=0&edition=prelim). Such regulations may provide for the deposit of cash bids in an interest-bearing account until the Secretary announces his decision on whether to accept the bids, with the interest earned thereon to be paid to the Treasury as to bids that are accepted and to the unsuccessful bidders as to bids that are rejected. The bidding shall be by sealed bid and, at the discretion of the Secretary, on the basis of—
(A) cash bonus bid with a royalty at not less than 12½ percent, but not more than 16⅔ percent, fixed by the Secretary in amount or value of the production saved, removed, or sold;
(B) variable royalty bid based on a per centum in amount or value of the production saved, removed, or sold, with either a fixed work commitment based on dollar amount for exploration or a fixed cash bonus as determined by the Secretary, or both;
(C) cash bonus bid, or work commitment bid based on a dollar amount for exploration with a fixed cash bonus, and a diminishing or sliding royalty based on such formulae as the Secretary shall determine as equitable to encourage continued production from the lease area as resources diminish, but not less than 12½ percent, but not more than 16⅔ pe
Source: Supplied U.S. Code snapshot — release unconfirmed · 43 U.S.C. § 1337
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Federal law — U.S. Code and appendices · legal_authorities
Where, under any existing contract entered into pursuant to the first proviso in the second paragraph of [section 192 of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title30-section192&num=0&edition=prelim), any refinery is required to pay a premium price for the purchase of Government royalty oil, such refinery may, at its option, by written notice to the Secretary of the Interior, elect either—
(1) to terminate such contract, the termination to take place at the end of the calendar month following the month in which such notice is given; or
(2) to retain such contract with the modifications, that (a) the price, on and after March 1, 1949, shall be as defined in the contract, without premium payments, (b) any credit thereby resulting from past premium payments shall be added to the refinery’s account, and (c) the Secretary may, at his option, elect to terminate the contract as so modified, such termination to take place at the end of the third calendar month following the month in which written notice thereof is given by the Secretary.
Source: Supplied U.S. Code snapshot — release unconfirmed · 30 U.S.C. § 192a
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Federal law — U.S. Code and appendices · legal_authorities
The provisions of sections 192a to 192c of this title shall apply to all existing contracts for the purchase of Government royalty oil entered into after July 13, 1946, and prior to September 1, 1949, irrespective of whether a determination of preference status was made in connection with the award of such contracts, but shall not apply to any such contract which subsequent to its award has been transferred, through the acquisition of stock interests or other transactions, to the ownership or control of a refinery ineligible for a preference under [section 192 of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title30-section192&num=0&edition=prelim), and the regulations in force thereunder at the time of such transfer.
Source: Supplied U.S. Code snapshot — release unconfirmed · 30 U.S.C. § 192b
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Federal law — U.S. Code and appendices · legal_authorities
**(a) Applicability of section** Notwithstanding any other provision of law, this section applies to all royalty in-kind accepted by the Secretary on or after August 8, 2005, under any Federal oil or gas lease or permit under—
(1) [section 192 of title 30](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title30-section192&num=0&edition=prelim);
(2) [section 1353 of title 43](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title43-section1353&num=0&edition=prelim); or
(3) any other Federal law governing leasing of Federal land for oil and gas development.
**(b) Terms and conditions** All royalty accruing to the United States shall, on the demand of the Secretary, be paid in-kind. If the Secretary makes such a demand, the following provisions apply to the payment:
(1) **Satisfaction of royalty obligation** — Delivery by, or on behalf of, the lessee of the royalty amount and quality due under the lease satisfies royalty obligation of the lessee for the amount delivered, except that transportation and processing reimbursements paid to, or deductions claimed by, the lessee shall be subject to review and audit.
(2) **Marketable condition**
(A) *Definition of marketable condition* — In this paragraph, the term “in marketable condition” means sufficiently free from impurities and otherwise in a condition that the royalty production will be accepted by a purchaser under a sales contract typical of the field or area in which the royalty production was produced.
(B) *Requirement* — Royalty production shall be placed in marketable condition by the lessee at no cost to the United States.
(3) **Disposition by the Secretary** — The Secretary may—
(A) sell or otherwise dispose of any royalty production taken in-kind (other than oil or gas trans
Source: Supplied U.S. Code snapshot — release unconfirmed · 42 U.S.C. § 15903
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Federal law — U.S. Code and appendices · legal_authorities
Page 58
TITLE 30—MINERAL LANDS AND MINING
§ 192
Editorial Notes
CODIFICATION
Section was not enacted as part of act Feb. 25, 1920,
ch. 85, 41 Stat. 437, known as the Mineral Leasing Act,
which comprises this chapter.
Statutory Notes and Related Subsidiaries
SIMILAR PROVISIONS
Similar provisions were contained in the following
prior appropriation act:
Pub. L. 103–332, title I, Sept. 30, 1994, 108 Stat. 2508.
§ 192. Payment of royalties in oil or gas; sale of
such oil or gas
All royalty accruing to the United States
under any oil or gas lease or permit under this
chapter on demand of the Secretary of the Inte-
rior shall be paid in oil or gas.
Upon granting any oil or gas lease under this
chapter, and from time to time thereafter dur-
ing said lease, the Secretary of the Interior
shall, except whenever in his judgment it is de-
sirable to retain the same for the use of the
United States, offer for sale for such period as
he may determine, upon notice and advertise-
ment on sealed bids or at public auction, all roy-
alty oil and gas accruing or reserved to the
United States under such lease. Such advertise-
ment and sale shall reserve to the Secretary of
the Interior the right to reject all bids whenever
within his judgment the interest of the United
States demands; and in cases where no satisfac-
tory bid is received or where the accepted bidder
fails to complete the purchase, or where the Sec-
retary of the Interior shall determine that it is
unwise in the public interest to accept the offer
of the highest bidder, the Secretary of the Inte-
rior, within his discretion, may readvertise such
royalty for sale, or sell at private sale at not
less than the market price for such period, or
accept the value thereof from the lessee: Pro-
vided, That i
Source: Supplied 2024 U.S. Code historical extraction · 30 U.S.C. § 192
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