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Lowering Fees and Easing Rules for Oil and Gas Drilling on Federal Land.

This bill significantly reduces the royalty rates, minimum bids, and rental fees for companies extracting oil and gas on federal lands. The goal is to boost domestic energy production by lowering operating costs for energy companies. Citizens might see potential effects on fuel and gas prices, but federal revenue from public resource leasing will decrease.
Key points
Reduces the standard royalty rate paid to the federal government from 16 2/3% to 12 1/2% of the value of extracted oil and gas.
Lowers the minimum bid per acre from $10 to $2 and decreases annual rental rates for federal lands.
Introduces easier access to noncompetitive leasing for areas that did not receive acceptable bids in auctions.
article Official text account_balance Process page
Expired
Citizen Poll
No votes cast
Additional Information
Print number: 118_HR_9017
Sponsor: Rep. Ogles, Andrew [R-TN-5]
Process start date: 2024-07-11
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Summarized by: gemini-2.5-flash-preview-09-2025
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

Declaration of Energy Independence Act

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 118_HR_9017.

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 2024-07-11.

What are the main provisions?

Key points include:

  • Reduces the standard royalty rate paid to the federal government from 16 2/3% to 12 1/2% of the value of extracted oil and gas.
  • Lowers the minimum bid per acre from $10 to $2 and decreases annual rental rates for federal lands.
  • Introduces easier access to noncompetitive leasing for areas that did not receive acceptable bids in auctions.
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. Ogles, Andrew [R-TN-5].

What is the latest detailed status?

The latest detailed status is: Referred to the House Committee on Natural Resources.

Is this summary verified?

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

CATEGORIES

Economy Environment Public Investments