Show I NEW NE lEASE LW LA LAIS I IS U U. U S. S 9 VENUE REVENUE RE More Than Paid in Royalties by Oil Oi Companies Com Corn in 1921 More ore than two million dollars was paid into the tile United States treasury In the calendar year 1921 as the result of ot royalties accruing from the productIon production production tion of oil oU and gas on government- government owned lands In iii the West under the terms of ot the leasing act of February 2 23 1920 states statEs A A A. V W. Ambrose chief p petroleum technologist of t the bureau of ot mines In his annual report to the tile director of the bureau More than permits for tor prospecting for oil 01 and gas have been Issued by the general land I office while leases have been granted for Cor producing oil al and gas prop prop- S A statistical statement summarizing the r result ul of approximately 80 per ent pent of ot all al reports of production In 1921 shows a a total of ot barrels of oil 01 produced o d by government owned e lands hands g Of this di i barrels oi are credited r rt to Wyoming to California to 10 Montana and to Louis Louis- iana Production of natural gas amounted to 6 cubic feet e of g oi JOt JOte hg which v 6 is ix credited d to Wyoming Wyoming Wyo Wyo- ming and to California I gasoline production amounted amountEd to gal gallons one Wyoming I producing gallons and California California Cal Cal- Cali Cali- fornia fornia gallons The government receives royalties on onal all al petroleum and natural gas and their I products sold from government lands The minimum oil 01 royalty rate of 5 S per percent percent perd cent Is that for land n leased as a r re reward ward Vard d for discovery c r Most i of t the I leases a have been awarded under a sliding sale of royalties ranging ln from 12 to 25 lepi per cent Natural r gas royalties charged by the tho government range from frt 12 1 to 16 3 2 per cent The Tile rate of gasoline Is If IC 16 3 2 per cent of the value of ot the tho gasoline extracted from froal the gas produced and sold Under the terms of ot the leasing act the supervision of coal coal oil 01 shale so sodium so- so phosphate and oil oU and gas eras de development development development de- de operations on the public lands Is entrusted to the tho bureau ol ot mines Oil on and gas operations constitute constitute con con- by far tar the greatest part of the bureaus bureau's a activities In this connection Offices for the conduct of ot this work have been e established II at t Denver Cob Colo Casper e and deJ Salt Creek k Wyo eia Bakers Bakers- Bakersfield i ifield field and Taft Tatt Cal Winnett Winnet Mont and Shreveport I a. L. L The supervision ot of development development work r on lands within the O te dl m gi naval giO petroleum l reserves e In t California r rIs Is Included In the bureaus bureau's activities In the Salt Creek field of ot Wyoming a great waste of gasoline has occurred the bureau declares be becaUse because because be- be cause of ot the Insufficient capacity of ex existing ox- ox bUng gasoline plants plants to treat the entire entre gas gae production The erection election o of additional gasoline gaso gaso- line units Is expected to remedy this situation |