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United States · Bill · HR

H.R. 2501 (101st)

To amend the Mineral Leasing Act to provide for the continuation of certain future interest oil and gas leases.

referredUnited States· United States Congress· EN

Introduced

25 May 1989

Last action

Status

Referred to the Subcommittee on Mining and Natural Resources.

Sponsors

Subjects

Discovery layer

Source updated

7 February 2024

Summary

Amends the Mineral Leasing Act to mandate that, upon the leaseholder's election, continuation of certain oil or gas leases on lands in which the United States held a vested future interest in the mineral estate along with a vested present interest in the surface estate. Requires that: (1) oil or gas was being produced before the mineral interest reverted to the United States; and (2) royalties and rents be paid to the United States.

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Documents

2 official files

Introduced in House (text)

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Sources

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