To amend the Mineral Leasing Act to provide for the continuation of certain leases on mineral estates upon the vesting of a present interest of the United States to such mineral estates.

Summary

Amends the Mineral Leasing Act to permit, upon the leaseholder's election, noncompetitive continuation of certain oil or gas leases on lands in which the United States held a vested future interest in the mineral estate which has become a vested present interest in it. Requires that: (1) oil or gas was being produced before the present mineral interest vested in the United States; and (2) such lease issued without competitive bidding.

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2 official files

• Introduced in House (text)

  Introduced in House · EN

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• Introduced in House

  summary · EN · 26 September 1991

  Open at official source

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