S 600 112th Congress Senate Energy Administrative law and regulatory procedures Department of the Interior Marine and coastal resources, fisheries Oil and gas User charges and fees

Use It or Lose It Act of 2011

Introduced: March 16, 2011 See on congress.gov

Everywhere this bill has been 2 steps

Introduced

In committee

Reported out

Passed House

Passed Senate

To President

Became law

Mar 16, 2011

Read twice and referred to the Committee on Energy and Natural Resources.

Mar 16, 2011

Introduced in Senate

Plain-English summary Congressional Research Service

Use It or Lose It Act of 2011 - Requires holders of leases authorizing exploration and production of oil or natural gas to develop them diligently in order to ensure timely production from the lease.

Amends the Mineral Leasing Act and the Outer Continental Shelf Lands Act to direct the Secretary of the Interior to require a lessee, as a condition of such a lease, to pay an annual fee of $4 per acre on the acres covered by a non-producing lease.

Directs the Secretary to issue regulations that: (1) prescribe requirements and benchmarks for diligent oil and gas development to produce oil and gas from each lease to the maximum extent practicable during the primary term of the lease, and (2) require each leaseholder to submit a diligent development plan describing how the lessee will meet such benchmarks.

What's happening now March 16, 2011

Read twice and referred to the Committee on Energy and Natural Resources.

Committees of jurisdiction 1