Summary: S.902 — 96th Congress (1979-1980)All Information (Except Text)

There is one summary for S.902. Bill summaries are authored by CRS.

Shown Here:
Introduced in Senate (04/05/1979)

Federal Oil and Gas Leasing Act of 1979 - Directs the Secretary of the Interior to establish and implement pursuant to the Mineral Leasing Act of 1920 and the Acquired Lands Leasing Act of 1947, an oil and gas leasing program for onshore Federal lands.

Requires the Secretary to consult with the Secretary of Energy, the Governors of affected States and other interested groups in implementing the program.

Stipulates that the leasing program be established no later than January 1, 1980, and that the Secretary report to the Congress no later than January 1, 1981, and annually thereafter, on his efforts pursuant to this Act.

Directs the Secretary to identify those areas which are favorable for the discovery of oil or gas. Stipulates that such areas are to be leased only by competitive bidding.

Sets forth procedures for the Secretary to follow in evaluating applications for an oil or gas lease.