A bill to encourage drilling and prospecting for oil and natural gas in land not known to be productive of oil and natural gas.

Authorizes the Secretary of the Interior to pay to any eligible oil well driller an amount equal to one-half of the intangible drilling and development costs of a nonproductive wildcat oil or natural gas well, not to exceed $25,000 in the case of any one well, in lands not known to be productive of oil and natural gas.