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republic-os/legal/us/code/title-30/chapter-5/section-303.md
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LegalText 30 U.S.C. § 303 Conditions precedent to award of lease; preferred class; bidding us united_states_code code_section 30 MINERAL LANDS AND MINING 5 LEASE OF OIL AND GAS DEPOSITS IN OR UNDER RAILROADS AND OTHER RIGHTS-OF-WAY 303 30 U.S.C. § 303 current 119-100 2026-06-26 official https://uscode.house.gov/download/releasepoints/us/pl/119/100/xml_usc30@119-100.zip /us/usc/t30/s303 data/legal/raw/us/code/title-30/usc30.xml e90e157aeede93fcef0b7c3441cc70286ed53ac39db687b09867a1968da1d22c 355f8eb5c6ad5372de4a8e665d9ed90202d53d2aac19ac001d43948af4a4dd2f d2875eca29e46d32d860bcdbce5379dde521636f1f42091b4ba13642c83d2aab 2026-07-04 official
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30 U.S.C. § 303 - Conditions precedent to award of lease; preferred class; bidding

Text

Prior to the award of any lease under section 301 of this title, the Secretary of the Interior shall notify the owner or lessee of adjoining lands and allow him a reasonable time, to be fixed in the notice given, within which to submit an offer or bid of the amount or percentage of compensatory royalty that such owner will agree to pay for the extraction through wells on his or its adjoining land, of the oil or gas under and from such adjoining right of way, and at the same time afford the holder of the railroad or other right of way a like opportunity within the same time to submit its bid or offer as to the amount or percentage of royalty it will agree to pay, if a lease for the extraction of the oil and gas deposits under the right of way be awarded to the holder of such right of way. In case of competing offers by the said parties in interest, the Secretary shall award the right to extract the oil and gas to the bidder, duly qualified, making the offer in his opinion most advantageous to the United States. In case but one bid or offer is received after notice duly given, he may, in his discretion, award the right to extract the oil and gas to such bidder.

(May 21, 1930, ch. 307, § 3, 46 Stat. 374.)