Amends Federal law relating to Naval Petroleum Reserves to authorize the Secretary of Energy (the Secretary) to lease Federal lands inside a naval oil shale reserve to a private entity for petroleum exploration, development, and production. Requires the Secretary to use competitive bidding procedures in such leasing.
Conditions the lease of such lands upon payment of a minimum royalty rate of at least 20 percent in amount or value of the production removed or sold from the lease. Directs the Secretary to reject any bid for a lease if the Secretary determines that the proposed royalty would be less than fair market value.
Authorizes the Secretary to: (1) require all or any portion of the royalty to be paid in the form of petroleum produced under the lease; and (2) provide such petroleum to the Department of Defense at the request of the Secretary of Defense.
Permits the lease of such Federal lands to include the transfer of wells, gathering lines, and related Federal equipment if the lessee assumes responsibility for maintenance, repair, or environmental restoration. Declares that certain statutory consultation and approval requirements do not apply to this lease.
Introduced in House
Introduced in House
Referred to the House Committee on Interior and Insular Affairs.
Referred to the Subcommittee on Mining and Natural Resources.
Subcommittee Hearings Held.
Forwarded by Subcommittee to Full Committee (Amended).
Subcommittee Consideration and Mark-up Session Held.
Ordered to be Reported (Amended).
Committee Consideration and Mark-up Session Held.
Reported (Amended) by the Committee on Interior and Insular Affairs. H. Rept. 102-610, Part I.
Reported (Amended) by the Committee on Interior and Insular Affairs. H. Rept. 102-610, Part I.
Referred jointly and sequentially to the House Committee on Armed Services for a period ending not later than July 24, 1992 for consideration of such provisions of the bill and amendment as fall within the jurisdiction of that committee pursuant to clause 1(c) of rule X.
Referred jointly and sequentially to the House Committee on Energy and Commerce for a period ending not later than July 24, 1992 for consideration of such provisions of the bill and amendment as fall within the jurisdiction of that committee pursuant to clause 1(h), rule X.
Committee Consideration and Mark-up Session Held.
Ordered to be Reported (Amended) by Voice Vote.
Reported (Amended) by the Committee on Energy and Commerce. H. Rept. 102-610, Part II.
Reported (Amended) by the Committee on Energy and Commerce. H. Rept. 102-610, Part II.
Reported (Amended) by the Committee on Armed Services. H. Rept. 102-610, Part III.
Reported (Amended) by the Committee on Armed Services. H. Rept. 102-610, Part III.
Placed on the Union Calendar, Calendar No. 412.
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