Conservation of Mineral Rights Underlying Farm Lands, Hearing Before a Subcommittee. of ..., 72-2 on S.J. Res. 247 ..., February 24, 19331933 - Всего страниц: 30 |
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Стр. 8
... particular tract will not prove to be productive . We take tract " B , " for example . The same thing would be true of tract " B. " Mathematically , the possibilities of finding a well on these two tracts , on the basis of our ...
... particular tract will not prove to be productive . We take tract " B , " for example . The same thing would be true of tract " B. " Mathematically , the possibilities of finding a well on these two tracts , on the basis of our ...
Стр. 10
... particular belt . Senator STEIWER . Do you think , then , that in case the great part of the mineral rights are alienated , they revert to the landowner in due time ? Mr. HARTMAN . It is immaterial whether they are leased or not . The ...
... particular belt . Senator STEIWER . Do you think , then , that in case the great part of the mineral rights are alienated , they revert to the landowner in due time ? Mr. HARTMAN . It is immaterial whether they are leased or not . The ...
Стр. 11
... particular subject , and the big obstacle to unitization at the present time , he said , is the fact that the ownership of mineral rights- Senator GORE . That is the point I am coming to . I was asking you about the theory or the wish ...
... particular subject , and the big obstacle to unitization at the present time , he said , is the fact that the ownership of mineral rights- Senator GORE . That is the point I am coming to . I was asking you about the theory or the wish ...
Стр. 13
... particular time , of our crops under the ground . We found , from experience , that those who did have this informa- tion would go into a community , select two or three of the larger and more influential farmers , and give them a ...
... particular time , of our crops under the ground . We found , from experience , that those who did have this informa- tion would go into a community , select two or three of the larger and more influential farmers , and give them a ...
Стр. 17
... particular tract , he gets a full one - half of the royalty proceeds individually , which is plenty to make him rich . The rest goes to the pool and is distributed pro rata among the members . In the case of the Osage Indians , the ...
... particular tract , he gets a full one - half of the royalty proceeds individually , which is plenty to make him rich . The rest goes to the pool and is distributed pro rata among the members . In the case of the Osage Indians , the ...
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20 tracts acre for acre adequately secured American Petroleum Institute average bank BLAKE cent cooperative mineral rights cooperative pooling cooperative royalty pool crops farm asset farmers to pool Farmers Union February 24 frozen asset geological going half interest HARTMAN increases the value individual farmer individual tract Joint Resolution 247 Kansas landowner large spread lease liquefy their mineral loan locating oil mineral rights pools mineral rights underlying mortgage number of tracts oil and gas oil or gas Oklahoma Oklahoma City operating Osage Indians Osage Nation ownership particular tract petroleum pool their mineral pooled mineral rights pooling of mineral possible producing tracts Reconstruction Finance Corporation rights underlying farm royalty owners royalty rights secure finances sell Seminole Seminole County Senate Document Senate Joint Resolution Senator GORE Senator STEIWER share SIMPSON spread of acreage statement tracts are pooled tracts of land tracts will prove underlying farm lands United
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Стр. 2 - G. Tugwell to the Committees on Banking and Currency (Apr. 17, 1933) regarding resolutions of Senator Thomas and Congressman Disney, seeking to " provide protection and relief to farmers by aiding them to conserve and liquefy their mineral rights through recognized and established cooperative agencies. * * * " 5. In hearings on, these resolutions before the House and Senate Committees on Banking and Currency in the last session of Congress and before the Senate subcommittee on Banking and Currency...
Стр. 3 - Be it enacted by the Senate and House of Representatives of the United States o America in Congress assembled, That section 6 of the Organic Act of Guam (64 Stat.
Стр. 6 - ... practically lost it gets into the hands of buyers and scouts for large royalty companies at a nominal price before drilling operations are begun and before such royalty rights begin to bring high prices on the market. Collective bargaining power obtained through cooperatively organized mineral rights pools should bring the farmer better lease terms and drilling contracts, as a result of which he would obtain higher bonuses, rentals, and royalties. The investigation revealed also that cooperative...
Стр. 2 - ... pooling of farmers' mineral rights under proper safeguards provides an effective method of securing for them a fair share in this potential wealth. It is an established fact among oil operators that during recent years a far greater share of money in royalties, particularly in the newer fields, has been made by others than the landowners, and that as a class farmer landowners have benefited far too little from their mineral rights.
Стр. 5 - ... for them a fair share in this potential wealth. It is an established fact among oil operators that during recent years a far greater share of money in royalties, particularly in the newer fields, has been made by others than the landowners, and that as a class farmer landowners have benefited far too little from their mineral rights. An oil play may last only a few weeks or it may take several years to develop. A farmer who is experiencing difficulty in maintaining his equity in his property...
Стр. 7 - Ferrine, former professor of geology at the University of Oklahoma and now chairman of the oil and gas division of the Oklahoma City Chamber of Commerce and a director of the Kansas and Oklahoma royalty division of the Mid-Continent Oil and Gas Association: Speaking from 20 years...
Стр. 22 - ... next, their certificates, which shall be cancelled, and the lands shall be taken to have reverted and become forfeited to the United States, and shall be advertised, and sold for cash at public auction, to the highest bidder, in the same manner as other public lands. They shall not be sold...
Стр. 3 - The Reconstruction Finance Corporation is authorized and empowered to make adequately secured loans, based on mineral acreage, and self-liquidating in character, to recognized and established managing agencies of farmers' cooperative mineral rights pools not engaged in drilling or mining operations, said loans to be made for the purpose of defraying the cost of organizing such pools.
Стр. 4 - ... Whereas, the climatic conditions in Virginia are such that the waterfowl protected by said regulations are not found in Virginia in great numbers during the said open season aforesaid, but are found after January 1 ; now, therefore, be it Resolved by the House of Delegates (the Senate concurring), That the Secretary of Agriculture be, and he is hereby requested, to take such steps as may be necessary to change the regulations to conform more closely to conditions as they exist in Virginia by...