Potential Effects of Section 3 of the Federal Coal Leasing Amendments Act of 1976Congress of the U.S., Office of Technology Assessment, 1986 - 186 pages |
Other editions - View all
Common terms and phrases
1982 diligence system acquired acreage advance royalties approval assignments Chevron Corp Co's coal lessees coal reserves compliance status comply with section Consolidation Coal corporate Department DEVELOPMENT STATUS diligence requirements diligent development diligent production existing leases Federal coal leases Federal leases gas leases guidelines Gulf Oil Corp holding fees individ issuance Kaiparowits Kaiparowits Plateau Kaiser Steel Corp lands lease reserves leaseholders Malapai million tons mineral leases nat gas noncomplying leases nonproducing leases oil and gas oil companies oil major old leases option Pacific Power payment Peabody Coal Peter Kiewit Sons potential Powder River basin Power & Light pre-FCLAA leases Price River producing in commercial production requirements recoverable reserves regulations relinquished rental section 3 compliance section 3 disqualification section 3 production subsidiary Subtotal tons of reserves tracts turnback U.S. Steel Undeveloped Union Pacific Corp Utah Utah International utility Wyoming YES YES YES YM WY
Popular passages
Page 55 - Except as otherwise expressly provided, whenever in this Act an amendment or repeal is expressed in terms of an amendment to, or repeal of, a section or other provision, the reference shall be considered to be made to a section or other provision of the Internal Revenue Code of 1954.
Page 63 - ... United States and which are within the lands acquired by the United States (exclusive of such deposits in such acquired lands as are (a) situated within incorporated cities, towns and villages, national parks or monuments...
Page 73 - Act to any person, association, corporation, or any subsidiary, affiliate, or persons controlled by or under common control with such person, association, or corporation...
Page 77 - Leases shall be for indeterminate periods upon condition of diligent development and continued operation of the mine or mines, except when such operation shall be interrupted by strikes, the elements, or casualties not attributable to the lessee...
Page 59 - No person, association, corporation, or any subsidiary, affiliate, or persons controlled by such person, association, or corporation shall take, hold, own or control any lease issued by the Secretary under the terms of this Act, nor shall the Secretary issue a lease or leases to any such person, association, or corporation where any such entity holds a lease or leases issued by the United States to coal deposits and has held such lease or leases for a period of ten or more years when such entity...
Page 64 - Where minerals have been found and the evidence is of such a character that a person of ordinary prudence would be justified in the further expenditure of his labor and means, with a reasonable prospect of success, in developing a valuable mine, the requirements of the statute have been met.
Page 64 - A coal lease shall be for a term of twenty years and for so long thereafter as coal is produced annually in commercial quantities from that lease.
Page 55 - States; (5) a statement of whether the applicant, any subsidiary, affiliate, or persons controlled by or under common control with the applicant...
Page 80 - In approving a logical mining unit, the Secretary may provide, among other things, that (i) diligent development, continuous operation, and production on any Federal lease or nonFederal land in the logical mining unit shall be construed as occurring on all Federal leases in that logical mining unit, and (ii) the rentals and royalties for all Federal leases in a logical mining unit may be combined, and advanced royalties paid for any lease within a logical mining unit may be credited against such...
Page 55 - The question presented in this case is whether the Secretary of the Interior has authority to cancel in an administrative proceeding a lease of public lands issued under the provisions of the Mineral Leasing Act of 1920, 30 USC §§ 181 et seq., in circumstances where such lease was granted in violation of the Act and regulations promulgated thereunder. Because of a seeming conflict in principle between the decision of the Court of Appeals in this case, 112 US App.