060-19 Wyo. Code R. § 19-7 - Royalties
(a) Royalties for coal shall be based on the
terms of the particular lease agreement, subject to all state royalty statutes
and rules, and shall be based on the total consideration received for state
production. The following royalty rates shall apply, unless a different rate is
specifically authorized by the Board:
(i) On
surface-mined coal, at twelve and one-half percent (121/2%) of gross mine
realization; and
(ii) On
underground-mined coal, at eight percent (8%) of gross mine
realization.
(b) After a
coal lease becomes an operating lease, the Board may reduce the royalty payable
to the state, as to all or any of the lands or formations covered by the lease,
if it determines that such a reduction is necessary to allow the lessee to
undertake additional operations or to continue to operate with a reasonable
expectation that the operations will be profitable. Such a reduction in the
royalty payable to the state shall in all cases be conditioned upon the
cancellation of all cost-free interests. The Board may also impose other
conditions to the reduction in royalty.
Notes
State regulations are updated quarterly; we currently have two versions available. Below is a comparison between our most recent version and the prior quarterly release. More comparison features will be added as we have more versions to compare.
No prior version found.