---
kind: "section"
citation: "25 C.F.R. § 226.12"
title: "25"
number: "226.12"
heading: "Government reserves right to purchase oil."
url: "https://uscodex.org/cfr/25/226.12"
---

# §226.12. Government reserves right to purchase oil.


Any of the executive departments of the U.S. Government shall have the option to purchase all or any part of the oil produced from any lease at not less than the highest posted price as defined in [§ 226.11](/cfr/25/226.11.md).


## Notes

### Authority

Authority: Sec. 3, 34 Stat. 543; secs. 1, 2, 45 Stat. 1478; sec. 3, 52 Stat. 1034, 1035; sec. 2(a), 92 Stat. 1660; and Sec. 701, Pub. L. 114-74, 129 Stat. 599.

### Source

Source: 81 FR 39573, June 17, 2016, unless otherwise noted.