Sec. 50102. 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), in addition to lease sales which may be held under that program, and except within areas subject to existing oil and gas leasing moratoria, the Secretary of the Interior shall conduct a minimum of 30 region-wide oil and gas lease sales, in a manner consistent with the schedule described in subparagraph (B), in the region identified in the map depicting lease terms and economic conditions accompanying the final notice of sale of the Bureau of Ocean Energy Management entitled Gulf of Mexico Outer Continental Shelf Region-Wide Oil and Gas Lease Sale 254 (85 Fed. Reg. 8010 (February 12, 2020)).

Of the not fewer than 30 region-wide lease sales required under this paragraph, the Secretary of the Interior shall— hold not fewer than 1 lease sale in the region described in subparagraph

(A)by December 15, 2025; hold not fewer than 2 lease sales in that region in each of calendar years 2026 through 2039, 1 of which shall be held by March 15 of the applicable calendar year and 1 of which shall be held after March 15 but not later than August 15 of the applicable calendar year; and hold not fewer than 1 lease sale in that region in calendar year 2040, which shall be held by March 15, 2040. The Secretary of the Interior shall conduct a minimum of 6 offshore lease sales, in a manner consistent with the schedule described in subparagraph (B), in the Cook Inlet Planning Area as identified in the 2017–2022 Outer Continental Shelf Oil and Gas Leasing Proposed Final Program published on November 18, 2016, by the Bureau of Ocean Energy Management (as announced in the notice of availability of the Bureau of Ocean Energy Management entitled Notice of Availability of the 2017–2022 Outer Continental Shelf Oil and Gas Leasing Proposed Final Program (81 Fed. Reg. 84612 (November 23, 2016))). Of the not fewer than 6 lease sales required under this paragraph, the Secretary of the Interior shall hold not fewer than 1 lease sale in the area described in subparagraph

(A)in each of calendar years 2026 through 2028, and in each of calendar years 2030 through 2032, by March 15 of the applicable calendar year. In conducting lease sales under subsection (a)(1), the Secretary of the Interior— shall, subject to subparagraph (C), offer the same lease form, lease terms, economic conditions, and lease stipulations 4 through 9 as contained in the final notice of sale of the Bureau of Ocean Energy Management entitled Gulf of Mexico Outer Continental Shelf Region-Wide Oil and Gas Lease Sale 254 (85 Fed. Reg. 8010 (February 12, 2020)); may update lease stipulations 1 through 3 and 10 described in that final notice of sale to reflect current conditions for lease sales conducted under subsection (a)(1); shall set the royalty rate at not less than 12 1/2 percent but not greater than 16 2/3 percent; and shall, for a lease in water depths of 800 meters or deeper issued as a result of a sale, set the primary term for 10 years. In conducting lease sales under subsection (a)(2), the Secretary of the Interior shall offer the same lease form, lease terms, economic conditions, and stipulations as contained in the final notice of sale of the Bureau of Ocean Energy Management entitled Cook Inlet Planning Area Outer Continental Shelf Oil and Gas Lease Sale 244 (82 Fed. Reg. 23291 (May 22, 2017)). Notwithstanding section 8(g) and section 9 of the Outer Continental Shelf Lands Act ( 43 U.S.C. 1337(g) , 1338), and beginning in fiscal year 2034, of the bonuses, rents, royalties, and other revenues derived from lease sales conducted under subsection (a)(2)— 70 percent shall be paid to the State of Alaska; and 30 percent shall be deposited in the Treasury and credited to miscellaneous receipts. For each offshore lease sale conducted under subsection (a)(1), the Secretary of the Interior shall— offer not fewer than 80,000,000 acres; or if there are fewer than 80,000,000 acres that are unleased and available, offer all unleased and available acres. For each offshore lease sale conducted under subsection (a)(2), the Secretary of the Interior shall— offer not fewer than 1,000,000 acres; or if there are fewer than 1,000,000 acres that are unleased and available, offer all unleased and available acres. The Secretary of the Interior shall approve a request of an operator to commingle oil or gas production from multiple reservoirs within a single wellbore completed on the outer Continental Shelf in the Gulf of America Region unless the Secretary of the Interior determines that conclusive evidence establishes that the commingling— could not be conducted by the operator in a safe manner; or would result in an ultimate recovery from the applicable reservoirs to be reduced in comparison to the expected recovery of those reservoirs if they had not been commingled. Section 50261 of Public Law 117–169 (136 Stat. 2056) is repealed, and any provision of law amended or repealed by that section is restored or revived as if that section had not been enacted into law. Section 8(a)(1) of the Outer Continental Shelf Lands Act ( 43 U.S.C. 1337(a)(1) ) (as amended by paragraph (1)) is amended— in subparagraph (A), by striking not less than 12 and inserting 1/2 per centum not less than 12 ; 1/2 percent, but not more than 16 2/3 percent, in subparagraph (C), by striking not less than 12 and inserting 1/2 per centum not less than 12 ; 1/2 percent, but not more than 16 2/3 percent, in subparagraph (F), by striking no less than 12 and inserting 1/2 per centum not less than 12 ; and 1/2 percent, but not more than 16 2/3 percent, in subparagraph (H), by striking no less than 12 and and inserting 1/2 per centum not less than 12 . 1/2 percent, but not more than 16 2/3 percent, Section 105(f)(1) of the Gulf of Mexico Energy Security Act of 2006 ( 43 U.S.C. 1331 note; Public Law 109–432 ) is amended— in subparagraph (B), by striking and at the end; in subparagraph (C), by striking 2055. and inserting 2024; ; and by adding at the end the following: $650,000,000 for each of fiscal years 2025 through 2034; and $500,000,000 for each of fiscal years 2035 through 2055. .

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