3.0.0 6401 2019-11-15T21:29:00Z 2019-11-15T21:29:00Z House H HR 2006-12-06 109 hsii00 Natural Resources Committee House Standing hsii06 Energy and Mineral Resources Subcommittee Referred to 2006-12-14T19:55:17Z Referred to 2006-12-06T15:04:30Z 2006-12-14 hsii06 Energy and Mineral Resources Subcommittee 1 House committee actions Referred to the Subcommittee on Energy and Mineral Resources. Committee 2006-12-06 Referred to the House Committee on Resources. IntroReferral H11100 2 House floor actions hsii00 Natural Resources Committee 2006-12-06 Introduced in House IntroReferral Intro-H 9 Library of Congress 2006-12-06 Introduced in House IntroReferral 1000 9 Library of Congress M001161 Rep. Melancon, Charlie [D-LA-3] Charlie Melancon D LA 3 N A000014 Rep. Abercrombie, Neil [D-HI-1] NEIL ABERCROMBIE D HI 1 2006-12-06 True Energy Budget deficits Buy American Coastal zone Commerce Conservation of natural resources Continental shelf Economic development Economics and Public Finance Energy development Energy prices Federal budgets Fees Foreign Trade and International Finance Gas in submerged lands Gas industry Government Operations and Politics Gulf of Mexico Job creation Labor and Employment Marine and coastal resources, fisheries Oil and gas leases Oil and gas royalties Petroleum in submerged lands Petroleum industry Public Lands and Natural Resources Revenue sharing Science, Technology, Communications Technological innovations Energy 00 2006-12-06 Introduced in House 2006-12-20T20:04:25Z Amends the Outer Continental Shelf Lands Act to instruct the Secretary of the Interior to agree to any lessee request to amend any lease issued as a result of a Central or Western Gulf of Mexico lease sale held between January 1, 1998, and December 31, 1999, to incorporate price thresholds applicable to certain royalty suspension provisions in the amount of $34.73 per barrel (2005 dollars) for oil and of $4.34 per million Btu (2005 dollars) for natural gas, adjusted for changes in the implicit price deflator.

Directs the Secretary to establish a conservation of resources fee for producing leases at $9 per barrel for oil and $1.25 per million Btu for gas (2006 dollars). Applies such fee only to leases issued with deep water royalty relief for which royalties are not being paid when prices exceed specified amounts per barrel.

Instructs the Secretary of the Treasury to deposit the royalty revenues in the Treasury, to be available to the Secretary of the Interior, without further appropriation, for FY2007-FY2016, for disbursement to Gulf producing states and coastal political subdivisions.

Expresses the intent of Congress: (1) that this Act result in a healthy and growing American industrial, manufacturing, transportation, and service sector employing America's workforce in the development of affordable energy from the OCS; and (2) to OCS monitor deployment of personnel and material to encourage development of American technology and manufacturing, as well as the establishment of important industrial facilities to support expanded access to American resources.

]]> To promote the fair production of oil and gas on the Outer Continental Shelf. Display Title To promote the fair production of oil and gas on the Outer Continental Shelf. Official Title as Introduced To promote the fair production of oil and gas on the Outer Continental Shelf. Introduced in House 2006-12-06T05:00:00Z https://www.govinfo.gov/content/pkg/BILLS-109hr6401ih/xml/BILLS-109hr6401ih.xml 2006-12-14 Referred to the Subcommittee on Energy and Mineral Resources. text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. Congressional Research Service, Library of Congress This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.