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US S516

US S516
Lease Extension and Secure Energy Act of 2011


summary

Introduced
In Committee
Crossed Over
Passed
Dead

Introduced Session

112th Congress

Bill Summary

Lease Extension and Secure Energy Act of 2011- Directs the Secretary of the Interior to extend by one year the term of each oil and gas lease (covered lease) for the Gulf of Mexico outer Continental Shelf region that was: (1) not producing as of April 30, 2010; or (2) suspended from operations, permit processing, or consideration, in accordance with either a certain moratorium dated May 30, 2010, or the decision memorandum of the Secretary dated July 12, 2010. States that this extension of covered leases is in addition to any suspension of operations or suspension of production granted by the Minerals Management Service or the Bureau of Ocean Energy Management, Regulation and Enforcement after May 1, 2010.

AI Summary

This bill, the Lease Extension and Secure Energy Act of 2011, directs the Secretary of the Interior to grant a one-year extension to oil and gas leases in the Gulf of Mexico's outer Continental Shelf region that were either not producing by April 30, 2010, or had their operations, permit processing, or consideration suspended due to specific government directives issued in May and July of 2010, often referred to as a moratorium. This extension is intended to provide companies with additional time to comply with new drilling and safety requirements following these suspensions, and it is separate from any other suspensions of operations or production already granted by relevant agencies like the Minerals Management Service (MMS) or the Bureau of Ocean Energy Management, Regulation and Enforcement (BOEMRE) after May 1, 2010.

Committee Categories

Agriculture and Natural Resources

Sponsors (10)

Last Action

Committee on Energy and Natural Resources. Hearings held. Hearings printed: S.Hrg. 112-51. (on 05/17/2011)

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