25 C.F.R. § 225.23
Economic assessments
The Secretary shall prepare or cause to be prepared an economic assessment that shall address, among other things:
(a) Whether there are assurances in the minerals agreement that operations shall be conducted with appropriate diligence;
(b) Whether the production royalties or other form of return on mineral resources is adequate; and
(c) Whether the minerals agreement is likely to provide the Indian mineral owner with a return on the production comparable to what the owner might otherwise obtain through competitive bidding, when such a comparison can reasonably be made.
Notes of Decisions
Cited in 1
case, 2003–2003 · leading case: Shoshone Indian Tribe of Wind River Reservation, Wyoming v. United States, 56 Fed. Cl. 639 (Fed. Cl. 2003).
Shoshone Indian Tribe of Wind River Reservation, Wyoming v. United States, 56 Fed. Cl. 639 (Fed. Cl. 2003). “(citing 25 C.F.R. § 225.23 (b)-(c) (1994)). The oil and gas regulations also differentiate between sales made at arm’s length or otherwise.”
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