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Home » US Law » 2022 Nevada Revised Statutes » TITLE 26—PUBLIC LANDS » Chapter 322 - Use of State Lands » LEASES FOR EXTRACTION OF OIL, COAL, GAS OR GEOTHERMAL RESOURCES

NRS 322.010 – Authorization.

Except as provided in NRS 334.070 and 504.147, the Administrator of the Division of State Lands of the State Department of Conservation and Natural Resources, as ex officio State Land Registrar, may lease any land except contract land now or hereafter owned by the State of Nevada, or which may hereafter be granted to it […]

NRS 322.030 – Rentals and royalties.

1. Such leases shall be based upon a fixed rental of not less than $1 per acre annually for each acre contained therein, and shall further provide for a royalty of not less than: (a) Fifteen percent of the gross value of all oil, gas or other hydrocarbons extracted therefrom. (b) Ten percent of the […]

NRS 322.040 – Form of lease; preparation by Attorney General.

Such leases shall be executed upon a form to be prepared by the Attorney General, which form shall contain all of the covenants and agreements usual and necessary to leases for the extraction of coal, oil and gas, or the utilization of geothermal resources, or both, as the situation may require. [4:183:1921; NCL § 5551]—(NRS […]