This bill establishes requirements about conducting lease sales of onshore federal land for the development of oil and gas.
The Department of the Interior must immediately resume quarterly lease sales as specified by the bill. Each fiscal year, Interior must conduct a minimum of four oil and gas lease sales in each state with land available for oil and gas leasing under mineral leasing law. If a lease sale is canceled, delayed, or deferred, then Interior must conduct a replacement sale. Interior must also conduct a replacement sale if during the original lease sale, no more than 25% of the area offered for leasing receives a bid.
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