Volume 64 · a169
Private Law 81–702
To authorize and direct the Secretary of the Interior to execute an oil and gas lease on a certain tract of land in Park County, Wyoming.
Approved August 12, 1950
Statutory text
AN ACT
To authorize and direct the Secretary of the Interior to execute an oil and gas lease on a certain tract of land in Park County, Wyoming.
Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,
That the Secretary of the Interior be, and he is hereby, authorized and directed to issue an oil and gas lease, as herein provided, covering lot 1 and the south-east quarter of the northeast quarter of section 23, township 58 north, range 100 west, sixth principal meridian, Wyoming, comprising fifty-nine and thirty-nine one-hundredths acres, more or less. The lease shall be issued to the operator who has been in continuous possession of the laud described since prior to February 25, 1920, under an oil and gas lease issued by all the persons who located the land as an oil placer mining claim on October 15, 1915, and shall be held by said operator for itself and the said locators and their successors, as their interests may appear.
Sec. 2.
The lease shall be dated May 1, 1946, shall be in the form provided by section 17 of the Act of February 25, 1920, as amended
43 CFR 19254.
by the Act of August 8, 1946 (60 Stat. 951 and 43 CFR, 1946, Supp., 192.54), and shall provide for the payment of royalty at the rates regularly prescribed for competitive leases issued under section 17 of said Act, as amended, in amount or value of oil and gas removed or sold from nonunitized horizons or zones or removed or sold from or allocated to the lease under the provisions of the Elk Basin Unit Agreement, approved by the Secretary of the Interior on May 29, 1946.
Sec. 3.
The lease shall not be issued unless and until, within six months from the effective date of this Act—
an application for the lease is filed by the operator to whom the lease is to be issued;
the applicant pays to the United States as royalty an amount at the rates provided in the lease to be issued on all oil and gas produced and saved prior to May 1, 1946, from the land to be leased ;
the applicant, together with all persons or their successors in interest having a contract or lease with the applicant under which they claim or hold an interest in lots 1 and 2 and the south half of the northeast quarter of section 23, township 58 north, range 100 west, sixth principal meridian, shall relinquish and quitclaim to the United States all their interests and claims of whatever character in the land described, and shall agree that the interests to be held by them or inuring to their benefit under the lease authorized by this Act shall be held by them in full satisfaction for every interest or claim which they may have or assert with respect to the land described;
the lease to be issued under this Act shall be fully committed to the Elk Basin Unit Agreement, approved on May 29, 1946, such commitment to be effective as of May 1, 1946; and
the applicant agrees and binds itself to reimburse the unit operator, without interest, for the share of investment costs and operating expenses incurred from and after May 1, 1946, and allocated under the unit agreement to the land to be leased.
[Note by the Federal Register Division.—The foregoing Act, having been presented to the president of the United States on Monday, July 31, 1950, for his approval and not having been returned by him to the House of Congress In which It originated within the time prescribed by the Constitution of the United States, has become a law without his approval.