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The Mineral Leasing Act of 1920 30 U.S.C. § 181 et seq. is a United States federal law that authorizes and governs leasing of public lands for developing deposits of coal, petroleum, natural gas and other hydrocarbons, in addition to phosphates, sodium, sulfur, and potassium in the United States.
For example, when an assignment of an oil and gas lease expressly provides that any extension or renewal of the lease is subject to an overriding royalty, a new lease that is substantially similar to the first lease and procured by the assignee during the term of the first lease, is regarded, as a matter of law, as an extension of renewal of ...
Equipment Lease Agreements typically contain language prohibiting the lessee from assigning the lease to a third party. For example, "You have no right to sell, transfer, assign, sublease, or encumber the equipment or this agreement" protects the Lessor’s collateral and credit underwriting guidelines in the event the lessee ever wants to ...
Lease terms typically include a price to be paid to the mineral rights owner for the minerals to be extracted, and a set of circumstances under which those minerals are to be extracted. For instance, a mineral rights owner might request that the company minimize any noise and light pollution when extracting the minerals.
Trans-Alaska Pipeline Authorization Act; Other short titles: Mineral Leasing Act of 1920 Amendments: Long title: An Act to amend section 28 of the Mineral Leasing Act of 1920, and to authorize a trans-Alaska oil pipeline, and for other purposes. Nicknames: Federal Lands Right-of-Way Act: Enacted by: the 93rd United States Congress: Effective ...
The ban covering most of America's coastline comes two weeks before Donald Trump's inauguration ceremony.
The Pakistan Mineral Development Corporation (PMDC) (Urdu: ہیَت پاکستان برائے معدنی ترقی) is a semi-autonomous corporation attached to the Ministry of Petroleum and Natural Resources, of the Government of Pakistan.
In the United States, this spread into leasing the assets of U.S. cities and governmental entities and eventually evolved into cross-border leasing. One significant evolution of the leasing industry involved the collateralization of lease obligations in sale leaseback transactions. For example, a city would sell an asset to a bank.