also be offered by competitive bidding on 

 submerged land containing known deposits 

 of minerals. 



Lease term - 



Fifty-five years with right to renew. 



Royalty - 



Leases encompass all hard minerals located on 

 the leased area with a single royalty for all. 

 Royalty not specified. 



TEXAS 



Relevant law - 



86 Texas Revised 

 5249-542 Im. 



Civil Statutes, Arts. 



Administering agencies — 



Corrmiissioner of General Land Office issues 

 exploration permits. School Lands Board is 

 responsible for leases. 



Exploration rules for minerals — 



Permits not to exceed 640 acres are good for 

 one-year periods but may be extended in 

 additional one-year periods not to exceed 

 five years. Rental is $0.25 per acre first year 

 and not less than $1.00 per acre in subse- 

 quent years. Permits require quarterly affi- 

 davits regarding work done, samples taken, 

 and results of sample analysis. 



Leasing acreage - 



Not in excess of 5,760 acres. Usual size is 2,500 

 acres. Sealed bidding procedure. 



Lease term — 



Primary term is five years and so long thereafter 

 as minerals covered are produced in paying 

 quantities. 



Royalty — 



Minimum royalty of one-sixth the value of 

 uranium, thorium, and other fissionable min- 

 erals, and one-sixteenth for other minerals. 



LOUISIANA 



Relevant law - 



Louisiana Revised Statutes, title 30. 



Administering agencies - 



State Mineral Board. 



Louisiana Department of Conservation and 

 Commissioner of Conservation have jurisdic- 

 tion over production. 



Exploration rules for minerals - 



No discrete hard mineral leasing policy; subject 



to same rules as oil and gas. Exploration 



permits must be obtained for geological and 



geophysical surveys. 

 Explorer must provide survey data information 



if a lease is obtained. 



Leasing acreage - 



Maximum area is 5,000 acres per lease. 



Lease term — 



Primary term five years, and as long thereafter 

 as production continues in paying quantities. 



Royalty - 



Minimum royalty is one-eighth for all minerals 

 except sulfur and potash. Currently the 

 Board uses a combination royalty and bonus 

 bid. 



OREGON 



Relevant law — 



Oregon Revised Statutes, Sections 273.355 and 

 274.705-.865. 



Administering agencies - 



State Land Board. Conservation is responsi- 

 bility of State Department of Geology and 

 Mineral Industries 



Exploration rules for minerals - 

 Not specified. 



Leasing acreage — 

 Not specified. 



Leasing term - 



No time limitation, but State may cancel any 

 lease upon failure by lessee to exercise due 

 diligence in prospecting, developing, or con- 

 tinuing operation of the property. 



Royalty - 



Not specified for hard minerals. 



VIM 19 



