§ 581.29. Royalty valuation.
47 words·~1 min read·
/us/cfr/t30/s§ 581.29·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Unless stated otherwise in the leasing notice and subsequently issued lease, product valuation will be in accordance with the regulations in part 1206 of chapter XII. The value used in the computation of royalty shall be determined by the Director of the Office of Natural Resources Revenue.