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Higher Fees for Oil and Gas Extraction on Public Lands

This act increases the fees companies pay for extracting oil and gas on government-owned lands. This means more revenue from these activities will go to the federal budget, potentially impacting public finances and services provided to citizens. The changes include raising royalty rates, minimum bids, and rental rates.
Key points
Increased oil and gas royalty rates from 12.5% to 18.75% of production value.
Raised minimum bid for land leases from $2 per acre to $10 per acre.
Increased annual land rental rates from $1.50 per acre to $3 per acre in the first year, and from $2 per acre to $5 per acre in subsequent years.
Introduced a new fee of at least $15 per acre for expressing interest in leasing land.
Mandated regular adjustments of fees based on inflation to maintain their real value.
Increased fees for reinstating expired leases, including higher royalty rates and minimum rental rates.
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Status:
Expired
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Additional Information
Fair Returns for Public Lands Act of 2021
Print number: S 624
Sponsor: Sen. Rosen, Jacky [D-NV]
Process start date: 2021-03-09
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Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
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Summary & Status

Key Questions about Higher Fees for Oil and Gas Extraction on Public Lands

A structured overview of the legislative process, official sources, status and civic context.

What is the official ID of this bill?

The official print number for this legislation is S 624.

Which chamber initiated this legislation?

This legislation was initiated in the Senate.

When did the legislative process begin?

The process officially started on 2021-03-09.

What are the main provisions?

Key points include:

  • Increased oil and gas royalty rates from 12.5% to 18.75% of production value.
  • Raised minimum bid for land leases from $2 per acre to $10 per acre.
  • Increased annual land rental rates from $1.50 per acre to $3 per acre in the first year, and from $2 per acre to $5 per acre in subsequent years.
  • Introduced a new fee of at least $15 per acre for expressing interest in leasing land.
  • Mandated regular adjustments of fees based on inflation to maintain their real value.
  • Increased fees for reinstating expired leases, including higher royalty rates and minimum rental rates.

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. Rosen, Jacky [D-NV].

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.

Analysis and Potential Impact of S 624

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CATEGORIES

Economy Environment