Clarification on Royalty Payment Method for Osage Indian Lands' Oil Production, 1963-05-22
Item — Box: 32, Folder: 21
Identifier: CAC_CC_038_8_32_21_0016
Clarification on Royalty Payment Method for Osage Indian Lands' Oil Production, 1963-05-22
Scope and Contents
The letter is in response to Emby Kaye's inquiry about royalty payments for oil produced on Osage Indian lands. The Bureau of Indian Affairs explains that royalty payments are based on the highest posted market price in the Mid-Continent oil field on the day of sale. The Superintendent of the Osage Agency issues circulars advising lessees of the highest posted price. The letter emphasizes that the lease provisions are designed to protect the tribe and ensure that the full amount due is collected.
Dates
- Creation: 1963-05-22
Creator
- From the Collection: Monroney, A. S. Mike (Almer Stillwell Mike), United States Senator from Oklahoma (1951-1969); U.S. House of Representatives from Oklahoma's 5th district (1939-1951), 1902-1980 (Person)
Language of Materials
From the Collection:
English
Full Extent
2 pages
Abstract
88th Congress (1963-1965)
General
Native Americans
Repository Details
Part of the Carl Albert Center Congressional and Political Collections Repository