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LegalText 30 U.S.C. § 358 Rights under prior leases; priority of pending applications; exchange of leases us united_states_code code_section 30 MINERAL LANDS AND MINING 7 LEASE OF MINERAL DEPOSITS WITHIN ACQUIRED LANDS 358 30 U.S.C. § 358 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/s358 data/legal/raw/us/code/title-30/usc30.xml 9424012b3372f53cd82af576d503397d9492ec3cd8fc5759a1c245277ad75106 355f8eb5c6ad5372de4a8e665d9ed90202d53d2aac19ac001d43948af4a4dd2f 888403964da924f4a3b33d024a208c238ff5f034da4dc3c93cccdb4b95911720 2026-07-04 official
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30 U.S.C. § 358 - Rights under prior leases; priority of pending applications; exchange of leases

Text

Nothing in this chapter shall affect any rights acquired by any lessee of lands subject to this chapter under the law as it existed prior to August 7, 1947, and such rights shall be governed by the law in effect at the time of their acquisition; but any person qualified to hold a lease who, on August 7, 1947, had pending an application for an oil and gas lease for any lands subject to this chapter which on the date the application was filed was not situated within the known geologic structure of a producing oil or gas field, shall have a preference right over others to a lease of such lands without competitive bidding. Any person holding a lease on lands subject hereto, which lease was issued prior to August 7, 1947, shall be entitled to exchange such lease for a new lease issued under the provisions of this chapter, at any time prior to the expiration of such existing lease.

(Aug. 7, 1947, ch. 513, § 9, 61 Stat. 915.)

Notes

Statutory Notes and Related Subsidiaries

Outer Continental Shelf; Jurisdiction of United States; Validation of Prior LeasesJurisdiction of United States over outer Continental Shelf, grant of leases on submerged lands thereof, and validation of prior leases, see section 1331 et seq. of Title 43, Public Lands.