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Fees for Unused Oil and Gas Leases: Incentivizing Production

This new law aims to accelerate oil and gas extraction from federal lands. It mandates active development of leases and introduces fees for those that remain unused. This is intended to increase resource availability and government revenue.
Key points
Companies leasing federal land for oil and gas will be required to actively develop these leases.
An annual fee will be introduced for non-producing leases, starting at a minimum of $10 per acre per year.
The fee amount will be regularly adjusted for inflation, and collected funds will go to the Treasury.
article Official text account_balance Process page
Expired
Citizen Poll
No votes cast
Additional Information
Print number: 117_S_5217
Sponsor: Sen. Menendez, Robert [D-NJ]
Process start date: 2022-12-08
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Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

Use it or Lose it Act of 2022

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 117_S_5217.

Which chamber initiated this legislation?

This legislation was initiated in the Senate.

When did the legislative process begin?

The process officially started on 2022-12-08.

What are the main provisions?

Key points include:

  • Companies leasing federal land for oil and gas will be required to actively develop these leases.
  • An annual fee will be introduced for non-producing leases, starting at a minimum of $10 per acre per year.
  • The fee amount will be regularly adjusted for inflation, and collected funds will go to the Treasury.
What is the specific legal status?

The current status is Expired.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Sen. Menendez, Robert [D-NJ].

What is the latest detailed status?

The latest detailed status is: Introduced in Senate

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-29.

CATEGORIES

Environment Economy