77-4-126. Royalties and rentals. Geothermal leases shall be issued at an annual rental of not less than $1 per acre, payable in advance and/or a royalty which shall not be less than 10% of the amount or value of steam or other forms of heat or energy derived from the production under the lease and sold or utilized by the lessee or reasonably susceptible to sale or utilization by the lessee and not more than 5% of any byproduct derived from production under the lease and sold or utilized or reasonably susceptible of sale or utilization by the lessee.
History: En. 81-2605 by Sec. 5, Ch. 111, L. 1974; R.C.M. 1947, 81-2605.
Structure Montana Code Annotated
Chapter 4. Renewable Resources
77-4-101. Geothermal leases authorized
77-4-104. Nature of geothermal resources
77-4-105. State retention of geothermal resources
77-4-106. Bonding requirements
77-4-107. Compensation to surface lessee
77-4-108. Water rights in connection with geothermal development
77-4-110. through 77-4-120 reserved
77-4-121. Provisions of the lease
77-4-124. Operating agreements
77-4-125. Pooling agreements and unit operations
77-4-126. Royalties and rentals
77-4-127. Disposition of royalties and other receipts