25 CFR 226.12 - Government reserves right to purchase oil.

Code of Federal Regulations - Title 25: Indians (December 2005)


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TITLE 25 - INDIANS

CHAPTER I - BUREAU OF INDIAN AFFAIRS, DEPARTMENT OF THE INTERIOR

SUBCHAPTER I - ENERGY AND MINERALS

PART 226 - LEASING OF OSAGE RESERVATION LANDS FOR OIL AND GAS MINING

226.12 - Government reserves right to purchase oil.

Any of the executive departments of the U.S. Government shall have the option to purchase all or any part of the oil produced from any lease at not less than the highest posted price as defined in 226.11.

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