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Energy Parity Act: Lower Fees for Oil and Gas, Matching Renewables.

This act aims to equalize fee structures for oil and gas companies with those for renewable energy producers. It means lower fees for oil and gas extraction, which could impact energy and fuel prices. These changes may affect daily living costs and the availability of different energy types.
Key points
Reduces royalty rates for oil and natural gas production to match reductions for wind and solar energy.
Lowers the minimum royalty rate for oil and gas leases from 16.67% to 12.5%.
Decreases the minimum bid for oil and gas leases from $10 per acre to $2 per acre.
Reduces rental rates for fossil fuel leases in the initial years.
article Official text account_balance Process page
Expired
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Additional Information
Print number: 118_HR_6530
Sponsor: Rep. Lamborn, Doug [R-CO-5]
Process start date: 2023-11-30
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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

Energy Parity Act

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 118_HR_6530.

Which chamber initiated this legislation?

This legislation was initiated in the House of Representatives.

When did the legislative process begin?

The process officially started on 2023-11-30.

What are the main provisions?

Key points include:

  • Reduces royalty rates for oil and natural gas production to match reductions for wind and solar energy.
  • Lowers the minimum royalty rate for oil and gas leases from 16.67% to 12.5%.
  • Decreases the minimum bid for oil and gas leases from $10 per acre to $2 per acre.
  • Reduces rental rates for fossil fuel leases in the initial years.
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 Rep. Lamborn, Doug [R-CO-5].

What is the latest detailed status?

The latest detailed status is: Referred to the Subcommittee on Forestry.

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-25.

CATEGORIES

Environment Economy