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Oklahoma: Leases. Oregon: Timber. South Dakota: Oil and gas leases; Texas: Oil and gas leases, real estate trades and sales, and sustainable energy development. Utah: Mining of oil and gas. Washington: Timber. Wisconsin: Renewable forest products, land sales to the government for county, state, and national forests. Wyoming: Oil and gas ...
Utopia Gas and Oil Field, Liberty County, Montana, el. 3,409 feet (1,039 West Dome Cat Creek Oil Field , Petroleum County, Montana , 47°04′02″N 107°59′50″W / 47.06722°N 107.99722°W / 47.06722; -107.99722 ( West Dome Cat Creek Oil Field ) , el. 2,766 feet (843
In order to ensure that the state receives a portion of the revenue from oil and gas leases within the state, any payments made to an address outside of the state require that a tax be withheld and paid directly to the state. States that have enacted such laws include, but are not limited to: Georgia; Maryland; Oklahoma; New Mexico; Utah ...
The foundational legal document of the U.S. oil and gas industry is the oil and gas lease. [6] Oil and gas producing companies do not always own the land they drill on. Often, the company (the lessee) leases the mineral rights from the owner (the lessor). Major points in a lease include the description of the property, the term (duration), and ...
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.
In 1904, Alexander Massey, owner of Spurlock Petroleum Company, hired Tom Slick, who already had acquired a reputation as a good "lease man" to assist him in buying up oil leases. Massey already had a string of successes drilling in Kansas, finding either oil or gas in 25 consecutive wildcat wells.
The discovery of the Glenn Pool Oil Reserve in 1905 brought the first major oil pipelines into Oklahoma, and instigated the first large scale oil boom in the state. Located near what was—at the time—the small town of Tulsa, Oklahoma, the resultant establishment of the oil fields in the area contributed greatly to the early growth and success of the city, as Tulsa became the petroleum and ...
The first commercially successful oil well drilled in the area was the Norman No. 1 near Neodesha, Kansas, on November 28, 1892. [1] The successes that followed of the Nellie Johnstone No. 1 at Bartlesville, Oklahoma in 1897, Spindletop at Beaumont, Texas in 1901, and Oklahoma's Ida Glenn No. 1 at the Glenn Pool Oil Reserve in 1905, demonstrated the existence of a large oil field in the ...