Amends Federal law to authorize the Secretary of Energy to lease Federal lands inside a certain naval oil shale reserve to a private entity for petroleum exploration and development.
Permits the Bureau of Land Management to serve as leasing agents of the Secretary.
Conditions the lease of lands in an oil shale reserve upon payment of a royalty rate equivalent to that prevailing for similar leases in the State in which the reserve is located. Authorizes the Secretary to require that all or a portion of the Federal share of the royalty be paid in the form of petroleum.
Mandates that 50 percent of the proceeds received from royalty and other payments made by a lessee be paid to the State within which the leased lands are located.
Authorizes the Secretary to transfer existing Federal equipment inside a naval oil shale reserve if the lessee assumes responsibility for it.
Introduced in House
Introduced in House
Referred to the Committee on National Security, and in addition to the Committee on Resources, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Referred to the Committee on National Security, and in addition to the Committee on Resources, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Referred to the Committee on National Security, and in addition to the Committee on Resources, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Referred to the Subcommittee on Energy and Mineral Resources.
Executive Comment Requested from Interior, DOE.
Executive Comment Requested from DOD, DOE.
Referred to the Subcommittee on Military Readiness.
Executive Comment Received from DOE.
Unfavorable Executive Comment Received from DOE.
checking server…
Ask anything about this bill. The AI reads the full text to answer.
Enter to send · Shift+Enter for new line