H. R. 2851: A bill to amend the Mineral Lands Leasing Act of 1920 to reform the onshore oil and gas leasing program. Introduced in the House of Representatives, One Hundredth Congress, First Session, June 30, 1987, October 15, 1987, November 6, 1987, November 20, 1987

Book · Thu Jan 01 00:00:00 EST 1987

OSTI ID:5585889

The Federal Onshore Oil and Gas Leasing Reform Act of 1987 specifies competitive bidding on leases not larger than 2560 acres, except in Alaska where the maximum is 5760 acres. Royalties are at a rate not less than 12.5% in amount of the production removed or sold from the lease. The Secretary of the Interior does not have to accept the highest bid offered if he determines the bid would not represent a reasonable return to the public. If lands initially required to be leased become available for leasing, the person first making application for the lease qualified to hold it shall be entitled to a lease without competitive bidding. Lands not subject to oil and gas leasing are also described under this legislation.

• OSTI ID: 5585889
• Resource Relation: Related Information: Union Calendar No. 285
• Country of Publication: United States
• Language: English

Related Subjects

02 PETROLEUM
03 NATURAL GAS
29 ENERGY PLANNING
POLICY AND ECONOMY
NATURAL GAS DEPOSITS
LEASING
PETROLEUM DEPOSITS
AMENDMENTS
EXPLORATION
FORESTS
IMPLEMENTATION
LAND RECLAMATION
LAND USE
LEGISLATION
LEGISLATIVE TEXT
ONSHORE SITES
PERMIT APPLICATIONS
ADMINISTRATIVE PROCEDURES
GEOLOGIC DEPOSITS
MINERAL RESOURCES
RESOURCES
021000* - Petroleum- Legislation & Regulations
031000 - Natural Gas- Legislation & Regulations
294002 - Energy Planning & Policy- Petroleum
294003 - Energy Planning & Policy- Natural Gas
293000 - Energy Planning & Policy- Policy
Legislation
& Regulation