Oil and gas leases shall be issued at an annual rental of not less than twenty-five cents (25¢) per acre, payable in advance, and royalty on oil and gas lands shall not be less than twelve and one-half per cent (12 ½%) of oil and/or gas produced and saved from said lands under said lease. Royalties shall be paid in addition to rental payments, at the discretion of the board of land commissioners.
Idaho Code § 47-805
Annual rental — Amount — Minimum royalty
1937, ch. 130, § 5, p. 200; am. 1949, ch. 128, § 4, p. 226; am. 1974, ch. 106, § 1, p. 1246; am. 1985, ch. 125, § 1, p. 309.
Current official text: Idaho Statutes (Idaho Legislature). Digitized from the UniCourt Code Improvement Commission public-domain capture. Reproduced from public-domain Idaho statutes; confirm against the official source for the current text. Not legal advice.