summary
Introduced
In Committee
Crossed Over
Passed
Dead
Introduced Session
112th Congress
Bill Summary
Offshore Petroleum Expansion Now Act of 2012 - Directs the Secretary of the Interior to implement the Proposed Oil & Gas Leasing Program: 2012-2017 in accordance with the schedule for conducting oil and gas lease sales set forth in it and in the Outer Continental Shelf Lands Act. Directs the Secretary to conduct each of specified oil and gas lease sales in the Outer Continental Shelf (OCS) Planning Areas, including certain ones in the Draft Proposed Outer Continental Shelf (OCS) Oil and Gas Leasing Program (2010-2015), during its specified year. Requires the Secretary to offer for sale, no later than December 31, 2013, leases of tracts in the Santa Maria and Santa Barbara or Ventura Basins of the Southern California OCS Planning Area. Directs the Secretary to revise a specified Bureau of Ocean Energy Management, Regulation and Enforcement map, dated January 2010, to ensure that the square footage of the leasable area in the Mid-Atlantic planning area is directly proportional to the length of the tidal shoreline of the Mid-Atlantic States (Delaware, Maryland, North Carolina, and Virginia). Retains the authority of the Secretary of Defense (DOD) to designate national defense areas on the OCS. Requires the Secretary to prepare a multisale environmental impact statement pursuant to the National Environmental Policy Act of 1969 for lease sales required under this Act that are not included in the Proposed Leasing Program (2012-2017). Declares that nothing in this Act affects restrictions on oil and gas leasing under the Gulf of Mexico Energy Security Act of 2006. Requires all lease sales conducted pursuant to this Act, with specified exceptions, to be area-wide lease sales. Directs the Secretary of the Treasury, for each of FY2012-FY2022, to deposit in a special account in the Treasury 37.5 % of all revenues due and payable to the United States from OCS areas not scheduled for lease sale under Proposed Oil and Gas Leasing Program: 2012-2017. Instructs the Secretary of the Interior to disburse such funds to coastal states and coastal political subdivisions. Prescribes an allocation formula for coastal states and coastal political subdivisions. Amends the Gulf of Mexico Energy Security Act of 2006 to repeal limitations placed upon the amount of distributed qualified OCS revenues.
AI Summary
This bill, the Offshore Petroleum Expansion Now Act of 2012, directs the Secretary of the Interior to implement the Proposed Oil & Gas Leasing Program for 2012-2017 and conduct additional oil and gas lease sales in the Outer Continental Shelf (OCS), which refers to submerged lands off the coast of the United States. It mandates specific lease sales in various OCS Planning Areas, including a requirement to offer leases in the Southern California OCS by December 31, 2013, and to revise a map of the Mid-Atlantic planning area to ensure the leasable area is proportional to the length of the tidal shoreline of Delaware, Maryland, North Carolina, and Virginia. The bill also retains the Secretary of Defense's authority to designate national defense areas and requires environmental impact statements for certain lease sales not already included in the 2012-2017 program, while clarifying that it does not affect existing restrictions under the Gulf of Mexico Energy Security Act of 2006. Furthermore, it mandates that most lease sales be "area-wide," meaning they cover a broad geographic area, and establishes a revenue-sharing program where 37.5% of revenues from certain OCS areas will be deposited into a special Treasury account and disbursed to coastal states and their political subdivisions based on proximity to leased tracts, amending the Gulf of Mexico Energy Security Act of 2006 to remove limitations on the amount of distributed revenues.
Committee Categories
Agriculture and Natural Resources
Sponsors (8)
John Barrasso (R),
Mark Begich (D),
John Hoeven (R),
James Inhofe (R),
Mary Landrieu (D),
Lisa Murkowski (R),
Mark Warner (D),
Jim Webb (D),
Last Action
Read twice and referred to the Committee on Energy and Natural Resources. (on 07/25/2012)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.congress.gov/bill/112th-congress/senate-bill/3438/all-info |
| Bill | http://gpo.gov/fdsys/pkg/BILLS-112s3438is/pdf/BILLS-112s3438is.pdf.pdf |
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