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Code · BILL · 115th Congress · H.R. 4426 (Introduced in House) — To reform Federal onshore and offshore fossil fuel leasing, exploration, and development; promote renewable energy on... · Sec. 124

Sec. 124. Royalties on all extracted methane

414 words·~2 min read·/bill/115/hr/4426/ih/section-124

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Except as provided in paragraph (2), royalties otherwise authorized or required under the mineral leasing laws (as that term is defined in the Federal Oil and Gas Royalty Management Act of 1982 ( 30 U.S.C. 1701 et seq.)) to be paid for gas shall be assessed on all gas produced under the mineral leasing laws, including— gas used or consumed within the area of the lease tract for the benefit of the lease (commonly referred to as beneficial use gas ); and all gas that is consumed or lost by venting, flaring, or fugitive releases through any equipment during upstream operations. Paragraph
(1)shall not apply with respect to— gas vented or flared in an acute emergency situation that poses danger to human health that occurs for no longer than 48 hours; and gas injected into the ground on a lease tract in order to enhance production of an oil or gas well or for some other purpose. The Mineral Leasing Act is amended— in section 14 ( 30 U.S.C. 223 ), by adding at the end the following: Notwithstanding any other provision of this Act (including this section), royalty shall be assessed with respect to oil and gas, other than gas described in section 124(a)(2) of the ; Sustainable Energy Development Reform Act , without regard to whether oil or gas is removed or sold from the leased land. in section 17 ( 30 U.S.C. 226 ), by striking removed or sold each place it appears; in section 22 ( 30 U.S.C. 251 ), by striking sold or removed ; and in section 31 ( 30 U.S.C. 188 ), by striking removed or sold each place it appears. The Outer Continental Shelf Lands Act is amended— in section 6(a)(8) ( 43 U.S.C. 1335(a)(8) ), by striking saved, removed, or sold each place it appears; and in section 8(a) ( 43 U.S.C. 1337(a) )— in paragraph (1), by striking saved, removed, or sold each place it appears; and by adding at the end the following: Notwithstanding any other provision of this Act (including this section), royalty under this Act shall be assessed with respect to oil and gas, other than gas described in section 124(a)(2) of the Sustainable Energy Development Reform Act , without regard to whether oil or gas is removed or sold from the leased land. . The amendments made by this section shall apply only with respect to leases issued on or after the date of the enactment of this Act.
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Sec. 124
Royalties on all extracted methane
U.S.C.§ 1701
U.S.C.§ 223
U.S.C.§ 226
U.S.C.§ 251
U.S.C.§ 188
U.S.C.§ 1335
U.S.C.§ 1337
Cites 7Cited by 0 across 0 sources
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