Search Results: keywords:"oil and gas exploration"

  • H. R. 7375 — To amend the Mineral Leasing Act to improve the assessment of expression of interest fees, and for other purposes.
    Status:Reported in House
    Words:695

    H.R. 7375 is a proposed law that seeks to update the Mineral Leasing Act, specifically focusing on improving how fees are assessed when people express interest in leasing land for oil or gas exploration. The bill introduces new rules for charging fees when land is either not...

    Simple Explanation

    H.R. 7375 is about changing the rules for paying fees when someone wants to use land for finding oil or gas. It says the interest lasts at least five years, and some new rules about paying money when no one else wants the land.

  • 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.