The evening herald. [volume] (Albuquerque, New Mexico) 1914-1922, 1919-11-29
Provisions of Oil Leasing Law
Now in Conference in Congress

eminent from these oil lands aud
agricultural grants connected with
them. The only question is that Of
the mou 5 percentage the states
will set.
me provisions OF tho bill as pass
cd by the house give seventy per
cent Of past production ANA sixty
per cent Of the royalties on futurc
Production to the reclamation SER
vice and twenty per cen Of the roy
alties of past production ana thirty
per cent from future production TO
The states.
The senate biz gives hut forty
five per cent OF the money derived
from the leases TO the reclamation
und and a III, amOun 10 the states.
Both bills provide ten per cent Tor
operation.
THE final decision will be an
amount withln the scope OF the dif-
ference between the two measures.
Several weeks Will be necessary for
the consideration OF this matter al
ter the beginning Of the regular rcs-
sion I'm Decemher.
Other differences In the two bills
are outlined aud some Of the rrovl-
ions are mentioned as follows.
The final provisions OF the bill
stipuinte that not more than three
OIL or Eaz leases shall he held By
one person, company or corporation
at one time, the house bill elimln-
ates the provision authorizing tho
secretary or agriculture to issue
riEhts n way over public lands in
7 ciudc1 in the senate hill.
In Tie provisions for oil and gus
leases the inst great difference Of
opinion between d W. houses iH
the fNing OF the royalty. The senate
lil fixes q minimum of tweive and
j aHHHH.hMNN HaLU asu HAN N Ha.WHUaaaa
- twenty-five per oent 10 be fixed
hy the secretary OF the Interior. The
: house hill fixes the same minimum
I but permits the secretary to open
the question Of royalties 10 compe-
he charged. The house bill eliminates
the royalty to encourage this branch
of tho OF mining industry. Leases In
acres.
There liz no disagreement in the
matter Of prospecting permits for
soldiers, The senatc bill fixes ONE
eighth of muun OF value as Il roy
tatlVe bidding.
In providing for royalties prior 10
application Of lease. restrictions on
drilling. and LOSSES In known fields
the bills are Identical.
The house and senate provisions
In cases of leases or surrender of OK
lsting rights are diffe rsnt. In prac-
AlAAlAN tNffN Miiilti respect nut are
( practically identical In other provi-
/ SONS.
Special privilege Is glyen to occu-
rants or claimants N oil and gas
lands who held them on oct. !, 1919
under u claim Indicated while such
lands were not withdrawn from oil
or gas location and entry and who
had previously performed all acts
under the existing laws necessary 70
validate locations thereof. except To
make discovery and upon which dis
ruVery had not been made prior 10
the passage Of this act
Old claimants are given the same
Tor obtaining prospect permits US
provided FOR new entries In the bill.
II discovery n made before the pass
age OF this act the claimant viii he
entitled to a lease on such terms -
tho secretary Of the interior may
provide.
Preference Is also given to aFri-
cultural entrants. The house bill
gives the original farm entrant right
to assign their preference claim.
Lease Of oil shRle land " provid-
ell The senate bill stlpulLtes that
go minimum royalt, ~ five per rent