Salt Lake Telegram | 1926-01-22 | Page 2 | Board Leases State Land to Oil Prospectors

Board Leases State Land to Oil Prospectors Fifteen applications for oil leases on state lands in Grand and San Juan counties were passed upon Frid Friday y by the state land board and approved upon a basis of 50 cents an acre The action was t taken ken to prevent any possible conflict th that t might arise on similar applications for forthe forthe forthe the same land the filings to be beheld beheld beheld held up temporarily until a de decision decision decision de- de can be reached as to the amount of royalty the state will charge in the event of pi oil pil pro pro- du on The board also leased two tracts of one half a section each eachin in Grand county for potash development de de- de- de It was specified that a royalty of 5 per pep cent would be charged Fifty grazing applications were scheduled for forthe forthe forthe the afternoon sitting of the board c. c