Sec. 301. Offshore oil and gas leasing
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Notwithstanding the 2024–2029 National Outer Continental Shelf Oil and Gas Leasing Program (and any successor leasing program that does not satisfy the requirements of this section), the Secretary of the Interior (referred to in this title as the Secretary ) shall conduct not less than 1 oil and gas lease sale in each of calendar years 2025 through 2029, each of which shall be conducted not later than August 31 of the applicable calendar year. The Secretary shall— conduct offshore oil and gas lease sales of sufficient acreage to meet the conditions described in section 50265(b)(2) of Public Law 117–169 ( 43 U.S.C. 3006(b)(2) ); with respect to an oil and gas lease sale conducted under subsection (a), offer the same lease form, lease terms, economic conditions, and stipulations as contained in the revised final notice of sale entitled Gulf of Mexico Outer Continental Shelf Oil and Gas Lease Sale 261 (88 Fed. Reg. 80750 (November 20, 2023)); and if any acceptable bids have been received for any tract offered in an oil and gas lease sale conducted under subsection (a), issue such leases not later than 90 days after the lease sale to the highest bids on the tracts offered, subject to the procedures described in the Bureau of Ocean Energy Management document entitled Summary of Procedures for Determining Bid Adequacy at Offshore Oil and Gas Lease Sales Effective March 2016, with Central Gulf of Mexico Sale 241 and Eastern Gulf of Mexico Sale 226 .
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U.S. Code
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- 88 FR 80750
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