Oregon Code § 274.790·Enacted ·Last updated March 01, 2026
Statute Text
Royalties.
(1) The
Department of State Lands shall specify in the notice described by ORS 274.765
and in the lease the rate of royalty paid under such lease which royalty shall
not be less than 12-1/2 percent of gross production, or the value thereof,
produced and saved from the leased lands and not used by lessee for operations
thereon or for injection therein. Such royalty shall, at the departments
option, be paid in kind or in value, and be computed after an allowance for the
actual cost of oil treatment or dehydration of not to exceed five cents per
barrel of royalty oil so treated or dehydrated.
(2) The royalty
for sulfur produced under ORS 274.705 to 274.860 shall not be less than $1 per
long ton.
(3) The State of
Oregon shall have a lien upon all production for unpaid royalties. [1961 c.619 §§11,12;
1967 c.421 §169]
Plain English Explanation
This Oregon statute addresses Royalties. AI-powered analysis coming soon.
Key Points
01Part of Oregon statutory law
02Referenced as Oregon Code § 274.790
03Subject to legislative amendments
04Consult a licensed attorney for application to specific cases
Frequently Asked Questions
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