H.R.4318 - Outer Continental Shelf Natural Gas Relief Act109th Congress (2005-2006)
|Sponsor:||Rep. Peterson, John E. [R-PA-5] (Introduced 11/15/2005)|
|Committees:||House - Resources; Energy and Commerce; Education and the Workforce|
|Latest Action:||03/24/2006 Referred to the Subcommittee on Education Reform.|
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Summary: H.R.4318 — 109th Congress (2005-2006)All Bill Information (Except Text)
Introduced in House (11/15/2005)
Outer Continental Shelf Natural Gas Relief Act - States that all provisions of federal law that prohibit the expenditure of appropriated funds to conduct natural gas leasing and preleasing activities for any area of the Outer Continental Shelf are without any force or effect.
Revokes all withdrawals from leasing of federal submerged lands of the Outer Continental Shelf, including withdrawals by the President under the Outer Continental Shelf Lands Act.
States such withdrawals are no longer in effect with respect to the leasing of areas for natural gas exploration, development, and production.
Prohibits granting a gas lease for any area of the Outer Continental Shelf located within 20 miles of a state's coastline unless the Governor grants state approval.
Directs the Secretary of Energy, in each five-year oil and gas leasing program, to include lease sales that when viewed as a whole propose to offer for gas leasing at least 75% of the available unleased acreage within each Outer Continental Shelf planning area.
Sets forth a scheme for bonus bids and royalties that affects: (1) new and existing gas leases; and (2) leased tracts lying partially within the seaward boundaries of a state.
Permits leases that authorize development and production solely of natural gas and associated condensate, including leases for program years 2002-2007, and for program years 2007-2012.