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S. 5458IntroducedSenate · nowHousePresidentLawIn committee
Sec. 301 · S. 5458

Lease term extensions

Title III — Federal lease terms

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(a) In general During a supply shortage period, the Secretary shall extend by 2 years the primary term of any oil or gas lease if production, drilling, completion, or related operations were delayed by— (1) Federal permitting delay; (2) administrative protest; (3) litigation; (4) supply-chain disruption; (5) lack of field-service availability; (6) delay in obtaining a Federal right-of-way or other Federal authorization; or (7) any other cause outside the reasonable control of the lessee. (b) No additional payment An extension under subsection (a) shall not require the payment of any additional bonus, rental, fee, or other consideration not otherwise required under the lease.

Sec. 301: Lease term extensions · Public Law Tracker