A bill to amend the Mineral Leasing Act to provide for certain reforms to the process relating to applications for permits to drill and the eligibility requirements for prospective bidders in lease sales, and for other purposes.
Use it or Lose It Act
This bill modifies requirements for certain oil and gas leases and related drilling permits. For example, it requires prospective leaseholders to, as a condition of participating in certain oil and gas lease sales, certify that they have diligently developed any prior leases and relinquished any undeveloped leases.
Introduced in Senate
Read twice and referred to the Committee on Energy and Natural Resources.
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