Oil and Gas Leasing Inflation Adjustment Act
Official title: To amend the Mineral Leasing Act to adjust minimum bids and annual rentals for oil and gas and tar sands leases to reflect inflation, and for other purposes.
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Referred to the Subcommittee on Energy and Mineral Resources.
Oil and Gas Leasing Inflation Adjustment Act - Amends the Mineral Leasing Act to increase from $2 per acre to $4 per acre the national minimum acceptable bid for oil and gas leases.
Increases from $2 per acre to $5 per acre the minimum acceptable bid for a tar sand lease.
Increases the annual rental of a lease from $1.50 per acre to $3 per acre for the first through the fifth year of the lease.
Increases the annual lease rental from $2 per acre to $4 per acre for each year after such fifth year.
Directs the Secretary of the Interior to make a cost-of-living adjustment of such dollar amounts at least once every four years and to publish each one in the Federal Register.
- Introduced in House Formatted Text PDF Formatted XML
Cite this page
U.S. Congress. (2026). H.R. 3859: Oil and Gas Leasing Inflation Adjustment Act. 113th Congress. Open America. https://openamerica.io/bill/113-HR-3859/
"H.R. 3859: Oil and Gas Leasing Inflation Adjustment Act." 113th Congress, 2026, Open America, https://openamerica.io/bill/113-HR-3859/.
H.R. 3859, 113th Cong. (2026), https://openamerica.io/bill/113-HR-3859/.
[H.R. 3859: Oil and Gas Leasing Inflation Adjustment Act](https://openamerica.io/bill/113-HR-3859/)