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U.S. Department of Energy
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H. R. 4741: a bill to establish competitive oil and gas leasing and modify leasing procedures for onshore Federal lands. Introduced in the House of Representatives, Ninety-Ninth Congress, Second Session, May 1, 1986

Book ·
OSTI ID:5399868
The Federal Oil and Gas Leasing Amendments Act of 1986 makes leasing competitive and establishes leasing procedures for onshore federal lands. The legislation is in response to evidence of mismanagement and abuse of the existing lottery system. There is also no evidence that oil and gas leasing decisions were integrated with other land-use decisions in the framework of multiple-use planning mandated by the Federal Land Policy Management Act, the Renewable Resources Planning Act, and the National Forest Management Act. The bill outlines procedures for competitive bidding, the nomination of areas to be offered for lease, quarterly lease sales, selection of the highest responsible qualified bidder, lease terms and extension, rentals and royalties, and reporting and notice requirements. Other sections establish environmental requirements and prohibit leasing on wilderness study lands.
OSTI ID:
5399868
Country of Publication:
United States
Language:
English