[118th Congress Public Law 81]
[From the U.S. Government Publishing Office]



[[Page 138 STAT. 1520]]

Public Law 118-81
118th Congress

                                 An Act


 
   To amend the Federal Oil and Gas Royalty Management Act of 1982 to 
  improve the management of royalties from oil and gas leases, and for 
        other purposes. <<NOTE: Sept. 20, 2024 -  [H.R. 7377]>> 

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled, <<NOTE: Royalty 
Resiliency Act.>> 
SECTION 1. <<NOTE: 30 USC 1701 note.>>  SHORT TITLE.

    This Act may be cited as the ``Royalty Resiliency Act''.
SEC. 2. DETERMINATION OF ALLOCATIONS OF PRODUCTION FOR UNITS AND 
                    COMMUNITIZATION AGREEMENTS.

    Section 111(j) of the Federal Oil and Gas Royalty Management Act of 
1982 (30 U.S.C. 1721(j)), as amended by the Federal Oil and Gas Royalty 
Simplification and Fairness Act of 1996 (Public Law 104-185), is amended 
to read as follows:
    ``(j) <<NOTE: Deadlines. Reports.>>  The Secretary shall issue all 
determinations of allocations of production for units and 
communitization agreements within 120 days of a request for 
determination. Until the Secretary issues the determination, the lessee 
or its designee of a lease in a unit or communitization agreement shall 
report and pay royalties on oil and gas production for each production 
month in accordance with the terms of the proposed allocation of 
production for the unit or communitization agreement. After the 
Secretary issues the determination, the lessee or its designee shall, as 
necessary, correct such reports and the amount of royalties paid on oil 
and gas production under the unit or communitization agreement by not 
later than the end of the third month following the month in which the 
lessee or its designee receives the determination from the 
Secretary. <<NOTE: Waiver.>>  Subject to the full and timely monthly 
payment of royalties to all parties in accordance with the terms of the 
proposed allocation of production for the unit or communitization 
agreement, the Secretary shall waive interest due on obligations subject 
to the determination until the end of the third month following the 
month in which the lessee or its designee receives the determination 
from the Secretary. This subsection shall not apply to unit or 
communization agreements containing Indian lands.''.

    Approved September 20, 2024.

LEGISLATIVE HISTORY--H.R. 7377:
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HOUSE REPORTS: No. 118-562 (Comm. on Natural Resources).
CONGRESSIONAL RECORD, Vol. 170 (2024):
            July 22, considered and passed House.
            Sept. 11, considered and passed Senate.

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