Skip to main content
U.S. Department of Energy
Office of Scientific and Technical Information

Federal Onshore Competitive Oil and Gas Leasing Act of 1986. US Senate, Ninety-Ninth Congress, Second Session, August 15, 1986

Book ·
OSTI ID:7229483
The Senate Committee on Energy and Natural Resources recommends passage of S. 2439, as amended. The bill reforms procedures for federal onshore oil and gas leasing by eliminating the known geological structure determination as a basis for competitive leasing; requiring initial bidding be competitive, with a minimum bid of $20 per acre; providing for periodic noncompetitive leasing of land not receiving the minimum bid; and strengthening the federal authority to stop fraudulent practices of private parties. The report includes background information, legislative history, amendments suggested by the committee, a section-by-section analysis, and cost considerations. Additional views include a minority report objecting to the timing of the reform. The report also notes how the bill will affect existing law.
OSTI ID:
7229483
Country of Publication:
United States
Language:
English