HR 7377 118th Congress House Energy Business expenses Business records Energy revenues and royalties Mining Oil and gas

Royalty Resiliency Act

Introduced: April 15, 2024 Introduced by: Hunt, Wesley Republican · Texas See on congress.gov

Everywhere this bill has been 22 steps

Introduced

In committee

Reported out

Passed House

Passed Senate

To President

Became law

Sep 20, 2024

Signed by President.

Sep 20, 2024

Became Public Law No: 118-81.

Sep 18, 2024

Presented to President.

Sep 12, 2024

Message on Senate action sent to the House.

Sep 11, 2024

Passed/agreed to in Senate: Passed Senate without amendment by Unanimous Consent.

Sep 11, 2024

Passed Senate without amendment by Unanimous Consent. (consideration: CR S6003)

Jul 23, 2024

Received in the Senate, read twice.

Jul 22, 2024

DEBATE - The House proceeded with forty minutes of debate on H.R. 7377.

Jul 22, 2024

Motion to reconsider laid on the table Agreed to without objection.

Jul 22, 2024

On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote. (text: CR H4650)

Jul 22, 2024

Passed/agreed to in House: On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote. (text: CR H4650)

Jul 22, 2024

Considered under suspension of the rules. (consideration: CR H4650-4651)

Jul 22, 2024

Mr. Westerman moved to suspend the rules and pass the bill, as amended.

Jun 27, 2024

Reported (Amended) by the Committee on Natural Resources. H. Rept. 118-562.

Jun 27, 2024

Placed on the Union Calendar, Calendar No. 464.

Apr 16, 2024

Ordered to be Reported (Amended) by Unanimous Consent.

Apr 16, 2024

Committee Consideration and Mark-up Session Held

Apr 16, 2024

Subcommittee on Energy and Mineral Resources Discharged

Mar 6, 2024

Subcommittee Hearings Held

Mar 4, 2024

Referred to the Subcommittee on Energy and Mineral Resources.

Feb 15, 2024

Referred to the House Committee on Natural Resources.

Feb 15, 2024

Introduced in House

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Plain-English summary Congressional Research Service

Royalty Resiliency Act

This act modifies the process under which oil and gas leaseholders who have entered into certain joint drilling agreements (i.e., a communitization agreement or a unit agreement, except agreements containing Indian lands) to drill wells on leased land pay royalties to the Department of the Interior under the Federal Oil and Gas Royalty Management Act of 1982.

Under current law, Interior must issue a determination of allocations of royalty payments for oil and gas production under a joint agreement within 120 days of a request for determination. Generally, the first leaseholder to drill must pay any royalties due to Interior for all oil and gas production on the land subject to the agreement until Interior determines the royalty allocations of each leaseholder. If Interior fails to issue the determination by that deadline, then it must waive interest due on royalty obligations until the end of the month following the month in which the determination was made.

Under the act, a leaseholder must pay royalties on oil and gas production based on the lessee's proposed allocation of production under the joint agreement until Interior issues a determination of royalty allocations. After Interior issues the determination, then the lessee must correct, if necessary, the amount of royalties paid by the end of the third month following the month in which the lessee received the determination from Interior. Subject to the full and timely payment of monthly royalties in accordance with the agreement, Interior must waive interest due on royalty obligations until the end of the third month.

What's happening now September 20, 2024

Became Public Law No: 118-81.

Bill text 6 versions

Engrossed in House Formatted Text PDF Formatted XML
Enrolled Bill Formatted Text PDF Formatted XML
Introduced in House Formatted Text PDF Formatted XML
Public Law Formatted Text PDF United States Legislative Markup
Received in Senate Formatted Text PDF Formatted XML
Reported in House Formatted Text PDF Formatted XML

Source documents hosted by congress.gov.

Committees of jurisdiction 2

Energy and Mineral Resources Subcommittee
House of Representatives · subcommittee of Natural Resources Committee
Natural Resources Committee
House of Representatives

Cosponsors 6

Wyoming · Feb 28, 2024

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APA

U.S. Congress. (2026). H.R. 7377: Royalty Resiliency Act. 118th Congress. Open America. https://openamerica.io/bill/118-HR-7377/

MLA

"H.R. 7377: Royalty Resiliency Act." 118th Congress, 2026, Open America, https://openamerica.io/bill/118-HR-7377/.

Bluebook (legal)

H.R. 7377, 118th Cong. (2026), https://openamerica.io/bill/118-HR-7377/.

Markdown link

[H.R. 7377: Royalty Resiliency Act](https://openamerica.io/bill/118-HR-7377/)