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Bill103th CongressFiled Jun 29, 1993Energy
S. 1170

A bill to amend the Mineral Leasing Act to provide for leasing of certain lands for oil and gas purposes.

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What it doesSummary reported to senate with amendment(s) (Jul 7, 1994)

Amends the Mineral Leasing Act to authorize the Secretary of the Interior to lease certain public domain lands in Garfield County, Colorado, for oil and gas exploration, development, and production.

Conditions the authorization upon the payment of a royalty. Authorizes the Secretary to establish a sliding scale royalty of between 12.5 percent and 25 percent in amount or value of the production removed or sold from the lease.

Mandates that: (1) the royalty payable to the United States be paid in crude oil of a quality acceptable to the Secretary of Energy produced on or off the reserve and shall be deposited to the Strategic Petroleum Reserve (SPR); (2) 50 percent of the value that the Secretary establishes for the royalty oil be paid to the State from amounts received which otherwise would be deposited to the Treasury as miscellaneous receipts; and (3) with respect to such royalty oil there shall be no payment to the reclamation fund or the Treasury as miscellaneous receipts.

Permits such lease to include the transfer, at fair market value, of federally owned oil and gas equipment suitable for hydrocarbon development on such lands.

Instructs the Secretary to take all actions necessary to ensure that the cost of compliance with this Act is minimized.

What just happenedJul 7, 1994

Placed on Senate Legislative Calendar under General Orders. Calendar No. 509.

Who’s behind it

Sen. Campbell, Ben Nighthorse [D-CO](D-CO)Sponsor
Read on Congress.gov
1committees10actions14subjects
  1. Jul 7, 1994Calendars

    Placed on Senate Legislative Calendar under General Orders. Calendar No. 509.

  2. Jul 7, 1994Committee

    Committee on Energy and Natural Resources. Reported to Senate by Senator Johnston under the authority of the order of Jun 27, 94 with amendments. With written report No. 103-303.

    Energy and Natural Resources Committee
  3. Jul 7, 1994Committee14000

    Committee on Energy and Natural Resources. Reported to Senate by Senator Johnston under the authority of the order of Jun 27, 94 with amendments. With written report No. 103-303.

    Energy and Natural Resources Committee
  4. May 11, 1994Committee

    Committee on Energy and Natural Resources. Ordered to be reported with amendments favorably.

    Energy and Natural Resources Committee
  5. Oct 14, 1993Committee

    Subcommittee on Mineral Resources Development. Hearings held. Hearings printed: S.Hrg. 103-614.

    Energy Production and Regulation Subcommittee
  6. Sep 30, 1993Committee

    Committee on Energy and Natural Resources requested executive comment from Department of the Interior, and Office of Management and Budget.

    Energy and Natural Resources Committee
  7. Jul 1, 1993Committee

    Referred to Subcommittee on Mineral Resources Development.

    Energy Production and Regulation Subcommittee
  8. Jun 29, 1993IntroReferral

    Read twice and referred to the Committee on Energy and Natural Resources.

    Energy and Natural Resources Committee
  9. Jun 29, 1993IntroReferralB00100

    Sponsor introductory remarks on measure. (CR S8233-8234)

  10. Jun 29, 1993IntroReferral10000

    Introduced in Senate

Reported to Senate with amendment(s)Jul 7, 199401

Amends the Mineral Leasing Act to authorize the Secretary of the Interior to lease certain public domain lands in Garfield County, Colorado, for oil and gas exploration, development, and production.

Conditions the authorization upon the payment of a royalty. Authorizes the Secretary to establish a sliding scale royalty of between 12.5 percent and 25 percent in amount or value of the production removed or sold from the lease.

Mandates that: (1) the royalty payable to the United States be paid in crude oil of a quality acceptable to the Secretary of Energy produced on or off the reserve and shall be deposited to the Strategic Petroleum Reserve (SPR); (2) 50 percent of the value that the Secretary establishes for the royalty oil be paid to the State from amounts received which otherwise would be deposited to the Treasury as miscellaneous receipts; and (3) with respect to such royalty oil there shall be no payment to the reclamation fund or the Treasury as miscellaneous receipts.

Permits such lease to include the transfer, at fair market value, of federally owned oil and gas equipment suitable for hydrocarbon development on such lands.

Instructs the Secretary to take all actions necessary to ensure that the cost of compliance with this Act is minimized.

Introduced in SenateJun 29, 199300

Amends the Mineral Leasing Act to authorize the Secretary of the Interior to lease certain public domain lands in Garfield County, Colorado, for oil and gas exploration, development, and production.

Conditions the authorization upon the payment of a royalty. Authorizes the Secretary to establish a sliding scale royalty of between 12.5 percent and 25 percent in amount or value of the production removed or sold from the lease.

Permits such lease to include the transfer, at fair market value, of federally owned oil and gas equipment suitable for hydrocarbon development on such lands.