Alaska oil and gas leasing

(a) Definitions In this section: (1) Coastal Plain The term Coastal Plain has the meaning given the term in section 20001(a) of Public Law 115–97 (16 U.S.C. 3143 note). (2) Oil and gas program The term oil and gas program means the oil and gas program established under section 20001(b)(2) of Public Law 115–97 (16 U.S.C. 3143 note). (3) Secretary The term Secretary means the Secretary of the Interior, acting through the Bureau of Land Management. (b) Lease sales required (1) In general Subject to paragraph (3), in addition to the lease sales required under section 20001(c)(1)(A) of Public Law 115–97 (16 U.S.C. 3143 note), the Secretary shall conduct not fewer than 4 lease sales area-wide under the oil and gas program by not later than 10 years after the date of enactment of this Act. (2) Terms and conditions In conducting lease sales under paragraph (1), the Secretary shall offer the same terms and conditions as contained in the record of decision described in the notice of availability of the Bureau of Land Management entitled Notice of Availability of the Record of Decision for the Final Environmental Impact Statement for the Coastal Plain Oil and Gas Leasing Program, Alaska (85 Fed. Reg. 51754 (August 21, 2020)). (3) Sale acreages; schedule (A) Acreages In conducting the lease sales required under paragraph (1), the Secretary shall offer for lease under the oil and gas program— (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. (B) Schedule The Secretary shall offer— (i) the initial lease sale under paragraph (1) not later than 1 year after the date of enactment of this Act; (ii) a second lease sale under paragraph (1) not later than 3 years after the date of enactment of this Act; (iii) a third lease sale under paragraph (1) not later than 5 years after the date of enactment of this Act; and (iv) a fourth lease sale under paragraph (1) not later than 7 years after the date of enactment of this Act. (4) Rights-of-way Section 20001(c)(2) of Public Law 115–97 (16 U.S.C. 3143 note) shall apply to leases awarded under this subsection. (5) Surface development Section 20001(c)(3) of Public Law 115–97 (16 U.S.C. 3143 note) shall apply to leases awarded under this subsection. (c) Receipts Notwithstanding section 35 of the Mineral Leasing Act (30 U.S.C. 191) and section 20001(b)(5) of Public Law 115–97 (16 U.S.C. 3143 note), of the amount of adjusted bonus, rental, and royalty receipts derived from the oil and gas program and operations on the Coastal Plain pursuant to this section— (1) (A) for each of fiscal years 2025 through 2033, 50 percent shall be paid to the State of Alaska; and (B) for fiscal year 2034 and each fiscal year thereafter, 70 percent shall be paid to the State of Alaska; and (2) the balance shall be deposited into the Treasury as miscellaneous receipts.