,i #aad? ,,congress #a/ ,session ,h4 ,r4 #cadj ,,9 ,,! ,,h\se ,,( ,,repres5tatives ,july #ba1 #bjae ,mr4 ,lip9ski introduc$ ! foll[+ bill2 :i* 0 ref]r$ to ! ,committee on ,natural ,res\rces ,a ,,bill ,to require ,f$]al oil & gas leases to report & pay royalties on oil & gas production bas$ on ! actual volume ( oil & gas )drawn "u a lease1 & = o!r purposes4 #a4 ,%ort title ,?is ,act may be cit$ z ! ,acc\nt+ = ,me?ane 9 ,production ?r\gh ,loophole ,elim9ation ) ,oil & ,gas ,royalties or ! ,,ample ,oil & ,gas ,royalties ,act4 #b4 ,f9d+s ,! ,congress f9ds ! foll[+3 7#a7 ,"s ( ! m9]al res\rces own$ by ! ,f$]al ,gov]nm5t on behalf ( ,unit$ ,/ates taxpay]s are be+ develop$ ineffici5tly1 co/+ taxpay]s millions ( doll>s 9 lo/ royalties1 especially ) respect to v5t$1 fl>$1 & leak$ natural gas4 ,! ,gov]nm5t ,acc\ntability ,(fice e/imates t approximately #dj p]c5t ( natural gas c\ld be economically captur$ f ,f$]al on%ore leases1 :i* w\ld increase ,f$]al royalty paym5ts by approximately #bc1jjj1jjj & r$uce gre5h\se gas emissions equival5t to up to #af4e million metric tons ( c>bon dioxide1 :i* is equival5t to annual emissions f #c4a million c>s4 7#b7 ,significant emissions ( natural gas are associat$ ) oil & gas production & transportation1 includ+ oil & gas produc$ on ,f$]al l&s4 ,accord+ to a ,univ]sity ( ,m>yl& /udy1 ^! emissions c negatively impact air quality hundr$s ( miles away4 7#c7 ,me?ane has a mu* great] impact on climate *ange ?an c>bon dioxide1 & ! me?ane emissions f oil & gas production c greatly dim9i% ! b5efit ( us+ natural gas to help r$uce ! c>bon int5sity ( ! ,unit$ ,/ates fuel mix4 7#d7 ,available control te*nologies exi/ to economically capture a consid]able am\nt ( natural gas & result+ 9 taxpay]s be+ deliv]$ ! royalties !y des]ve4 7#e7 ,requir+ royalty paym5ts on natural gas t is curr5tly fl>$1 v5t$1 unavoidably lo/1 & us$ = b5eficial purposes w lead to m effici5t use ( ,f$]al res\rces1 r$uce gre5h\se gas emissions1 & increase royalty paym5ts to ! ,f$]al ,gov]nm5t4 #c4 ,volume allocation ( oil & gas production 7a7 ,9 g5]al ,section #aaa7k7 ( ! ,f$]al ,oil & ,gas ,royalty ,managem5t ,act ( #aihb 7#cj ,u4,s4,c4 #agba7k77 is am5d$ to read z foll[s3 7k7 ,volume allocation ( oil & gas production 7#a7 ,9 g5]al ,except z o!rwise provid$ by ?is subsection-- 7,a7 a lessee or its designee ( a lease 9 a unit or communitization agreem5t t conta9s only ,f$]al leases ) ! same royalty rate & funds di/ribution %all report & pay royalties on oil & gas production = ea* production mon? bas$ on ! actual volume ( oil & gas )drawn f ! res]voir by or on behalf ( t lessee1 includ+ all oil & gas n sold by or on behalf ( t lessee2 7,b7 a lessee or its designee ( a lease 9 any o!r unit or communitization agreem5t %all report & pay royalties on oil & gas production = ea* production mon? bas$ on ! volume ( oil & gas produc$ f su* agreem5t & allocat$ to ! lease 9 accordance ) ! t]ms ( ! agreem5t2 & 7,c7 a lessee or its designee ( a lease t is n conta9$ 9 a unit or communitization agreem5t %all report & pay royalties on oil & gas production = ea* production mon? bas$ on ! actual volume ( oil & gas )drawn f ! res]voir by or on behalf ( t lessee1 includ+ all oil & gas n sold by or on behalf ( t lessee4 7#b7 ,def9ition ,9 ?is subsection ! t]m oil & gas )drawn f ! res]voir means any oil & gas t is produc$1 sold1 v5t$1 fl>$1 us$ = b5eficial purposes1 leak$1 or o!rwise emitt$ dur+ production4 4 7b7 ,con=m+ am5dm5ts ,! ,m9]al ,leas+ ,act is am5d$-- 7#a7 9 section #ag7;b77#a77;,a7 7#cj ,u4,s4,c4 #bbf7;b77#a77;,a771 by /rik+ ! production remov$ or sold f ! lease & ins]t+ oil & gas )drawn f ! res]voir 9 accordance ) section #aaa7k7 ( ! ,f$]al ,oil & ,gas ,royalty ,managem5t ,act ( #aihb2 7#b7 9 section #ag7;c77#a7 7#cj ,u4,s4,c4 #bbf7;c77#a771 by /rik+ ! production remov$ or sold f ! lease & ins]t+ oil & gas )drawn f ! res]voir 9 accordance ) section #aaa7k7 ( ! ,f$]al ,oil & ,gas ,royalty ,managem5t ,act ( #aihb2 7#c7 9 section #ca7;e77#c7 7#cj ,u4,s4,c4 #ahh7;e77#c77-- 7,a7 9 subp>agraph 7,a71 by /rik+ production p] well p] day & ins]t+ oil & gas )drawn f ! res]voir p] well p] day 9 accordance ) section #aaa7k7 ( ! ,f$]al ,oil & ,gas ,royalty ,managem5t ,act ( #aihb2 & 7,b7 9 subp>agraph 7,b71 by /rik+ all production remov$ or sold f su* lease & ins]t+ all oil & gas )drawn f ! res]voir 9 accordance ) section #aaa7k7 ( ! ,f$]al ,oil & ,gas ,royalty ,managem5t ,act ( #aihb2 & 7#d7 9 section #ca7;f77#d7 7#cj ,u4,s4,c4 #ahh7;f77#d771 by /rik+ production remov$ or sold f ! oil plac] m9+ claim & ins]t+ oil & gas )drawn f ! res]voir 9 accordance ) section #aaa7k7 ( ! ,f$]al ,oil & ,gas ,royalty ,managem5t ,act ( #aihb4 7c7 ,application ,?is section1 includ+ ! am5dm5ts made by ?is section1 %all n apply ) respect to any lease issu$ be=e ! date ( ! enactm5t ( ?is ,act4