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Code · BILL · 115th Congress · H.R. 1 (UNKNOWN) — 115 HR 1 EAS2: Tax Cuts and Jobs Act · Sec. 20001

Sec. 20001. Oil and gas program

542 words·~2 min read·/bill/115/hr/1/unknown/section-20001

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In this section: The term Coastal Plain means the area identified as the 1002 Area on the plates prepared by the United States Geological Survey entitled ANWR Map – Plate 1 and ANWR Map – Plate 2 , dated October 24, 2017, and on file with the United States Geological Survey and the Office of the Solicitor of the Department of the Interior. The term Secretary means the Secretary of the Interior, acting through the Bureau of Land Management. Section 1003 of the Alaska National Interest Lands Conservation Act ( 16 U.S.C. 3143 ) shall not apply to the Coastal Plain.
The Secretary shall establish and administer a competitive oil and gas program for the leasing, development, production, and transportation of oil and gas in and from the Coastal Plain. Section 303(2)(B) of the Alaska National Interest Lands Conservation Act ( Public Law 96–487 ; 94 Stat. 2390) is amended— in clause (iii), by striking and at the end; in clause (iv), by striking the period at the end and inserting ; and ; and by adding at the end the following: to provide for an oil and gas program on the Coastal Plain. .
Except as otherwise provided in this section, the Secretary shall manage the oil and gas program on the Coastal Plain in a manner similar to the administration of lease sales under the Naval Petroleum Reserves Production Act of 1976 ( 42 U.S.C. 6501 et seq.) (including regulations). Notwithstanding the Mineral Leasing Act ( 30 U.S.C. 181 et seq.), the royalty rate for leases issued pursuant to this section shall be 16.67 percent. Notwithstanding the Mineral Leasing Act ( 30 U.S.C. 181 et seq.), of the amount of adjusted bonus, rental, and royalty receipts derived from the oil and gas program and operations on Federal land authorized under this section— 50 percent shall be paid to the State of Alaska; and the balance shall be deposited into the Treasury as miscellaneous receipts.
Subject to subparagraph (B), the Secretary shall conduct not fewer than 2 lease sales area-wide under the oil and gas program under this section by not later than 10 years after the date of enactment of this Act. The Secretary shall offer for lease under the oil and gas program under this section— not fewer than 400,000 acres area-wide in each lease sale; and those areas that have the highest potential for the discovery of hydrocarbons. The Secretary shall offer— the initial lease sale under the oil and gas program under this section not later than 4 years after the date of enactment of this Act; and a second lease sale under the oil and gas program under this section not later than 7 years after the date of enactment of this Act.
The Secretary shall issue any rights-of-way or easements across the Coastal Plain for the exploration, development, production, or transportation necessary to carry out this section. In administering this section, the Secretary shall authorize up to 2,000 surface acres of Federal land on the Coastal Plain to be covered by production and support facilities (including airstrips and any area covered by gravel berms or piers for support of pipelines) during the term of the leases under the oil and gas program under this section.
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  • Pub. L. 96-487
  • 94 Stat. 2390
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Sec. 20001
Oil and gas program
Pub. L.Pub. L. 96-487
Stat.94 Stat. 2390
Cites 5Cited by 0 across 0 sources
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