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Show 116 TABLE 23 SALT ROYALTIES AND LEASE PAYMENTS Total Lease Rental Total Production Leasee Since Date of Issue Royalties Paid Lake Crystal Salt Company $ 6,878.09 $ 32,409.45 Morton Salt Company 286,815.56 Hardy Salt Company --- 90,876.02 American Salt Company ( Solar Salt Division) --- 151,270.05 Great Salt Lake Minerals and Chemicals Corporation 289,032.30 107,030.35 TOTALS $ 295,910.39 $ 668,401.43 In 1973, the Division of State Lands reached agreement concerning oil and gas leases with American Oil Company and Marvin Wolf of Denver. Both obtained leases, but only the leases to American Oil Company continue in force. The 200 leases held by American Oil constitute State permission to engage in initial exploratory activity, such as seismic work, with some restrictions. The return to the State for these leases is $ 600,000 annually. Because there is no definite indication that exploration is leading to significant production, there are no projections of income to the State through royalties. THE CAUSEWAY AND THE GREAT SALT LAKE EXTRACTIVE INDUSTRY As the southern Pacific Railroad causeway has altered the hydrology of the Great Salt Lake ( see " The Causeway and the Great Salt Lake Hydrology," |