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Energy Independence Act: Changes to Oil and Gas Extraction Fees

This act modifies rules for oil and gas extraction on federal lands. It lowers royalty rates and minimum bids for land leases, and simplifies leasing processes. The goal is to boost U.S. energy production, which could impact fuel prices and energy resource availability for citizens.
Key points
Reduced royalty rates for oil and gas extraction on federal lands from 16.67% to 12.5%.
Lowered minimum bid for land leases from $10 to $2 per acre.
Decreased annual rental rates for land leases from $3 to $1.50 per acre for the initial years.
Streamlined the leasing process for lands that did not receive bids in competitive sales, allowing for non-competitive leasing.
article Official text account_balance Process page
Introduced
Citizen Poll
No votes cast
Additional Information
Print number: 119_HR_526
Sponsor: Rep. Ogles, Andrew [R-TN-5]
Process start date: 2025-01-16
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Summarized by: gemini-2.5-flash
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 119_HR_526.

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 2025-01-16.

What are the main provisions?

Key points include:

  • Reduced royalty rates for oil and gas extraction on federal lands from 16.67% to 12.5%.
  • Lowered minimum bid for land leases from $10 to $2 per acre.
  • Decreased annual rental rates for land leases from $3 to $1.50 per acre for the initial years.
  • Streamlined the leasing process for lands that did not receive bids in competitive sales, allowing for non-competitive leasing.
What is the specific legal status?

The current status is Introduced.

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 2025-12-23.

CATEGORIES

Economy Environment