Energy Security Act
Royalty Relief Extension Act of 2001 - Mandates: (1) use of a specified bidding system for certain oil and gas lease sales located in the Western and Central Planning Area of the Gulf of Mexico; and (2) a Federal assessment of existing Gulf of Mexico oil and natural gas resources, including recommendations for their increased production.
Federal Oil and Gas Lease Management Improvement Demonstration Program Act of 2001 - Mandates a study of regulatory impediments to oil and natural gas leases and operations on Federal onshore lands, including the elimination of restrictions on such lease issuance and operations.
Amends the Outer Continental Shelf Lands Act to authorize granting requests for the suspension of lease operations in order to further drilling objectives pertaining to offshore subsalt development.
Prescribes guidelines for: (1) the payment in kind of oil and gas royalties to the United States; (2) the establishment of regional United States Geological Survey Oil and Gas Technology Centers; (3) royalty rate reductions for certain oil and gas wells production declines in order to spur marginal well production incentives.
Amends the Mineral Leasing Act and the Geothermal Steam Act of 1970 to mandate Federal reimbursement of costs incurred by private entities to comply with documentation requirements of the National Environmental Policy Act of 1969.
Amends the Geothermal Steam Act of 1970 to: (1) prescribe royalty reductions; and (2) shield certain geothermal energy leases from royalty requirements (including certain leases for development and utilization of low temperature geothermal resources).
Opens public lands under military jurisdiction for geothermal steam and associated resources development and utilization without the need for further Federal action.
Mandates a Federal report to Congress on: (1) the applicability of moratoria and withdrawals from leasing in connection with geothermal resource areas; and (2) increasing the electric power production capability of existing facilities.
Authorizes Federal installation of a powerformer at the Bureau of Reclamation Folsom power plant in Folsom, California.
Prescribes implementation guidelines for: (1) a pump replacement program; (2) increased operational efficiencies in hydroelectric power projects; and (3) a shift of electric power consumption loads to off-peak periods.
Arctic Coastal Plain Domestic Energy Security Act of 2001 - Prescribes implementation guidelines for the Secretary of the Interior to establish a competitive oil and gas leasing program for the exploration and production of oil and gas resources of the Arctic Coastal Plain.
Placed on the Union Calendar, Calendar No. 95.