Show Board lifts ban on oil shale leasing A policy on oil shale leasing in Utah was adopted Wednesday of last week by the State Land and a moratorium on receiving and processing such leases was The moratorium had been in effect since last November when the division decided to review the policy and sent out questionnaires to interested parties asking for William division said under the new policy the leases will have a term of 20 By at least the end of 15 the company must submit a plan for oil shale development on the leased The minimum rental fee will be per acre per All those responding to the questionnaire felt the policy should be as flexible as possible because of the continuing develop- ment of oil shale extraction Among those queried were companies with present oil shale state local governments and other companies and individuals interested in oil Dinehart said existing contracts will not be affected by the new He said acres of state-owned land are under lease at the present The new policy will apply to acres of oil shale land in Uintah County if the state's claim to it is The state applied for the land in its selection process for land taken by the federal The situation now is being reviewed by the U.S. Supreme Court to determine if an appeals court decision granting the land to the should be The division will write leases under the terms adopted last then the leases will go to the State Board of Lands and Forestry for final |