US Codex
Pub. L.
Notes

Title II —

115th Congress · Approved Dec 22, 2017 · 131 Stat. 2054

TITLE II

SEC. 20001. Oil and Gas Program.

(a)
Definitions.— In this section:
(1)
Coastal plain.— The term “Coastal Plain” means the area identified as the 1002 Area on the plates prepared by the United States Geological Survey entitled “ANWR Map – Plate 1” and “ANWR Map – Plate 2”, dated October 24, 2017, and on file with the United States Geological Survey and the Office of the Solicitor of the Department of the Interior.
(2)
Secretary.— The term “Secretary” means the Secretary of the Interior, acting through the Bureau of Land Management.
(b)
Oil and Gas Program.—
(1)
In general.— Section 1003 of the Alaska National Interest Lands Conservation Act (16 U.S.C. 3143) shall not apply to the Coastal Plain.
(2)
Establishment.—
(A)
In general.— The Secretary shall establish and administer a competitive oil and gas program for the leasing, development, production, and transportation of oil and gas in and from the Coastal Plain.
(B)
Purposes.— Section 303(2)(B) of the Alaska National Interest Lands Conservation Act (Public Law 96–487; 94 Stat. 2390) is amended—
(i)
in clause (iii), by striking “ and” at the end;
(ii)
in clause (iv), by striking the period at the end and inserting “ ; and”; and
(iii)
by adding at the end the following:

“(v) to provide for an oil and gas program on the Coastal Plain.”

(3)
Management.— Except as otherwise provided in this section, the Secretary shall manage the oil and gas program on the Coastal Plain in a manner similar to the administration of lease sales under the Naval Petroleum Reserves Production Act of 1976 (42 U.S.C. 6501 et seq.) (including regulations).
(4)
Royalties.— Notwithstanding the Mineral Leasing Act (30 U.S.C. 181 et seq.), the royalty rate for leases issued pursuant to this section shall be 16.67 percent.
(5)
Receipts.— Notwithstanding the Mineral Leasing Act (30 U.S.C. 181 et seq.), of the amount of adjusted bonus, rental, and royalty receipts derived from the oil and gas program and operations on Federal land authorized under this section—
(A)
50 percent shall be paid to the State of Alaska; and
(B)
the balance shall be deposited into the Treasury as miscellaneous receipts.
(c)
2 Lease Sales Within 10 Years.—
(1)
Requirement.—
(A)
In general.— Subject to subparagraph (B), the Secretary shall conduct not fewer than 2 lease sales area-wide under the oil and gas program under this section by not later than 10 years after the date of enactment of this Act.
(B)
Sale acreages; schedule.—
(i)
Acreages.— The Secretary shall offer for lease under the oil and gas program under this section—
(I)
not fewer than 400,000 acres area-wide in each lease sale; and
(II)
those areas that have the highest potential for the discovery of hydrocarbons.
(ii)
Schedule.— The Secretary shall offer—
(I)
the initial lease sale under the oil and gas program under this section not later than 4 years after the date of enactment of this Act; and
(II)
a second lease sale under the oil and gas program under this section not later than 7 years after the date of enactment of this Act.
(2)
Rights-of-way.— The Secretary shall issue any rights-of-way or easements across the Coastal Plain for the exploration, development, production, or transportation necessary to carry out this section.
(3)
Surface development.— In administering this section, the Secretary shall authorize up to 2,000 surface acres of Federal land on the Coastal Plain to be covered by production and support facilities (including airstrips and any area covered by gravel berms or piers for support of pipelines) during the term of the leases under the oil and gas program under this section.

SEC. 20002. Limitations on Amount of Distributed Qualified Outer Continental Shelf Revenues.

Section 105(f)(1) of the Gulf of Mexico Energy Security Act of 2006 (43 U.S.C. 1331 note; Public Law 109–432) is amended by striking “ exceed $500,000,000 for each of fiscal years 2016 through 2055.” and inserting the following:

“(A) $500,000,000 for each of fiscal years 2016 through 2019;

“(B) $650,000,000 for each of fiscal years 2020 and 2021; and

“(C) $500,000,000 for each of fiscal years 2022 through 2055.”

SEC. 20003. Strategic Petroleum Reserve Drawdown and Sale.

(a)
Drawdown and Sale.—
(1)
In general.— Notwithstanding section 161 of the Energy Policy and Conservation Act (42 U.S.C. 6241), except as provided in subsections (b) and (c), the Secretary of Energy shall draw down and sell from the Strategic Petroleum Reserve 7,000,000 barrels of crude oil during the period of fiscal years 2026 through 2027.
(2)
Deposit of amounts received from sale.— Amounts received from a sale under paragraph (1) shall be deposited in the general fund of the Treasury during the fiscal year in which the sale occurs.
(b)
Emergency Protection.— The Secretary of Energy shall not draw down and sell crude oil under subsection (a) in a quantity that would limit the authority to sell petroleum products under subsection (h) of section 161 of the Energy Policy and Conservation Act (42 U.S.C. 6241) in the full quantity authorized by that subsection.
(c)
Limitation.— The Secretary of Energy shall not drawdown or conduct sales of crude oil under subsection (a) after the date on which a total of $600,000,000 has been deposited in the general fund of the Treasury from sales authorized under that subsection.