A bill to amend the Mineral Leasing Act to authorize the Secretary of the Interior to issue separately, for the same area, a lease for tar sand and a lease for oil and gas, and for other purposes.
About This Bill
Committee
Latest Action · October 14, 2003
Read twice and referred to the Committee on Energy and Natural Resources.
Amends the Mineral Leasing Act to authorize the Secretary of the Interior to issue separately, for the same area, a lease for tar sand and a lease for oil and gas.
Declares that such a lease shall not be further subject to the Combined Hydrocarbon Leasing Act of 1981.
Requires a lease for tar sand to be issued using the same bidding process, annual rental, and posting period as a lease issued for oil and gas. Sets the minimum acceptable bid for a tar sand lease at $2 per acre.
Authorizes the Secretary, in order to promote any resource covered by a combined hydrocarbon lease, to waive, suspend, or alter any requirement that a permittee under a permit authorizing prospecting for tar sand must exercise due diligence.
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