42 U.S.C. § 6217 — Scientific inventory of oil and gas reserves
submitted 26 years ago by Pub. L. 106-469 to r/title-42-THE-PUBLIC-HEALTH-AND-WELFARE · 219 words · no verdicts yet
The Secretary of the Interior must inventory oil and gas resources under onshore federal lands and identify limits on developing and transporting them. The estimates and land-availability information must be updated publicly, and the Secretary of Energy must periodically assess economically recoverable resources.
(a) In general. Consulting the Secretaries of Agriculture and Energy, the Secretary* of the Interior must inventory all onshore Federal lands. The inventory must identify (1) U.S. Geological Survey estimates of oil and gas resources beneath those lands; (2) the extent and nature of restrictions or obstacles to developing the resources, including (A) obstacles to granting leases on time, (B) post-lease restrictions, obstacles, or delays involving approval conditions, drilling-permit applications, or environmental-permit processing, and (C) permits or restrictions involving transportation into commerce; and (3) the amount of resources not produced or put into commerce because of those restrictions.
(b) Regular update. After completion, the USGS resource estimates and surface-availability data supplied under subsection (a)(2) must be regularly updated and made public.
(c) Inventory. Within two years after November 9, 2000, the inventory must be given to the House Committee on Resources and the Senate Committee on Energy and Natural Resources.
(d) Assessments. Using the inventory, the Secretary of Energy must periodically assess economically recoverable resources using a range of factors, such as current costs, commodity prices, technology, and regulations.
The Secretary* of the Interior, in consultation with the Secretaries of Agriculture and Energy, shall conduct an inventory of all onshore Federal lands. The inventory shall identify—
the United States Geological Survey estimates of the oil and gas resources underlying these lands;
the extent and nature of any restrictions or impediments to the development of the resources, including—
impediments to the timely granting of leases;
post-lease restrictions, impediments, or delays on development for conditions of approval, applications for permits to drill, or processing of environmental permits; and
permits or restrictions associated with transporting the resources for entry into commerce; and
the quantity of resources not produced or introduced into commerce because of the restrictions.
Once completed, the USGS resource estimates and the surface availability data as provided in subsection (a)(2) shall be regularly updated and made publicly available.
The inventory shall be provided to the Committee on Resources of the House of Representatives and to the Committee on Energy and Natural Resources of the Senate within 2 years after November 9, 2000.
Using the inventory, the Secretary of Energy shall make periodic assessments of economically recoverable resources accounting for a range of parameters such as current costs, commodity prices, technology, and regulations.
Source credit: (Pub. L. 106–469, title VI, § 604, Nov. 9, 2000, 114 Stat. 2041; Pub. L. 109–58, title III, § 364(a), Aug. 8, 2005, 119 Stat. 723.)
- 2000Enacted · Pub. L. 106-469 · 114 Stat. 2041
- 2005Amended · Pub. L. 109-58 · 119 Stat. 723
A history note hasn’t been published yet. The record shows enactment by Pub. L. 106-469 on 2000-11-09.
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