Search Results: keywords:"lease sale"

  • H. R. 678 — To amend the Mineral Leasing Act to improve the assessment of expression of interest fees, and for other purposes.
    Status:Introduced in House
    Words:537

    H. R. 678, also known as the "Expression of Interest Sensibility Act," seeks to revise the Mineral Leasing Act with a focus on how fees are assessed for expressions of interest in leasing land for oil or gas exploration. The bill stipulates that if no bid is received for land...

    Simple Explanation

    H. R. 678 wants to change some rules about how people can ask to use land for looking for oil and gas. If someone asks to use the land and no one else wants it, they have to pay a fee, but if someone else does want it and wins, that person pays the fee.

  • H. R. 7375 — To amend the Mineral Leasing Act to improve the assessment of expression of interest fees, and for other purposes.
    Status:Introduced in House
    Words:515

    H. R. 7375 seeks to amend the Mineral Leasing Act to improve how fees for expressing interest in leasing land for oil or gas exploration are assessed. The bill introduces measures that ensure if land receives no bids at a lease sale, the person who first showed interest must...

    Simple Explanation

    Here's a little story about H. R. 7375: The bill changes the rules for paying fees when someone wants to drill for oil or gas on certain land. If nobody buys the drilling rights after someone expresses interest, the interested person has to pay a fee, but if someone else does buy the rights, then the buyer pays the fee. Plus, their interest in the land is good for at least five years unless the land is sold for drilling.