Resuming Oil and Gas Production: More Energy, More Data
This act mandates the immediate resumption of onshore oil and gas lease sales and requires annual auctions in several states. The goal is to boost domestic energy production. Additionally, citizens will gain access to more data regarding extraction processes, increasing government transparency.
Key points
Resumption of onshore oil and gas lease sales: This means companies can start new extraction projects faster, potentially impacting energy availability and prices.
Annual auctions in multiple states: In states like Wyoming, New Mexico, and Colorado, auctions will occur at least four times a year, ensuring a steady supply of new areas for extraction.
Increased data transparency: The government will regularly publish information on drilling permit applications and interest in land parcels, allowing citizens to track progress and decisions related to extraction.
Faster permit processing: The process for issuing drilling permits cannot be delayed due to ongoing lawsuits, unless a court determines the original lease was not legally compliant.
Expired
Additional Information
Print number: 117_HR_6927
Sponsor: Rep. Herrell, Yvette [R-NM-2]
Process start date: 2022-03-03