Resolution to create a select committee to make investigations and studies relating to natural gas and petroleum reserves.

Creates a select committee to be composed of 15 members of the House of Representatives to be appointed by the Speaker, one of whom he shall designate as chairman.

Directs the committee to conduct a full investigation and study of the nature and extent of natural gas and petroleum reserves within the territory and waters of the United States. Directs the committee to evaluate the potential for discovery of new reserves and the relationship of reserves to present patterns of distribution and supply as well as the impact of price regulation on such discovery and distribution of the products made from such reserves.

Authorizes the committee to hold hearings, issue subpenas and conduct field investigations to carry out the studies required by this resolution.

Requires the committee to file an interim and a final report on the results of its studies.