,,ii  #aag? ,,congress  #b;d ,session   
,s4 #ebag  ,,9 ,,! ,,s5ate ,,( ,,!      
,,unit$ ,,/ates  ,decemb] #h1 #bjbb,mr4 
,m55dez 7= himself & ,mr4 ,re$7         
introduc$ ! foll[+ bill2 :i* 0 read     
twice & ref]r$ to ! ,committee on ,en]gy
 & ,natural ,res\rces  ,a ,,bill  ,to   
promote ! dilig5t developm5t ( ,f$]al   
oil & gas leases1 & = o!r purposes4  #a4
 ,%ort title ,?is ,act may be cit$ z !  
,use x or ,lose x ,act ( #bjbb4  #b4    
,def9itions ,9 ?is ,act3 7#a7 ,cov]$    
lease ,! t]m cov]$ lease means a lease t
 au?orizes ! exploration =1 or          
production (1 oil or natural gas "u--   
7,a7 section #ag ( ! ,m9]al ,leas+ ,act 
7#cj ,u4,s4,c4 #bbf72 or  7,b7 ! ,out]  
,cont95tal ,%elf ,l&s ,act 7#dc         
,u4,s4,c4 #acca et seq474  7#b7         
,secret>y ,! t]m ,secret>y means !      
,secret>y ( ! ,int]ior4  #c4 ,dilig5t   
developm5t ( ,f$]al oil & gas leases    
7a7 ,cl>ification ( exi/+ law ,ea* cov]$
 lease %all be dilig5tly develop$ by !  
p]son hold+ ! cov]$ lease to ensure     

timely production f ! cov]$ lease4  7b7 
,regulations ,n lat] ?an #ahj days aft] 
! date ( enactm5t ( ?is ,act1 !         
,secret>y %all promulgate regulations ) 
respect to cov]$ leases t-- 7#a7 e/abli%
 requirem5ts & b5*m>ks = oil & gas      
developm5t t w ensure t leasehold]s--   
7,a7 dilig5tly develop ea* cov]$ lease2 
&  7,b7 to ! maximum ext5t practicable1 
produce oil & gas f ea* cov]$ lease dur+
 ! prim>y t]m ( ! cov]$ lease2  7#b7    
require ea* leasehold] to submit to !   
,secret>y a dilig5t developm5t plan     
describ+ h[ ! lessee w meet ! b5*m>ks   
e/abli%$ "u p>agraph 7#a72 &  7#c7 9    
e/abli%+ requirem5ts "u p>agraphs 7#a7 &
 7#b71 take into acc\nt ! diff]5ces 9   
developm5t conditions & circum/ances 9 !
 areas to be develop$4  #d4 ,nonproduc+ 
lease fee  7a7 ,def9ition ( nonproduc+  
lease ,9 ?is section1 ! t]m nonproduc+  
lease means a cov]$ lease "u :i* no oil 
or natural gas has be5 extract$ dur+ !  
applicable ye>1 z det]m9$ by !          
,secret>y4  7b7 ,au?orization (         

nonproduc+ lease fee ,! ,secret>y %all  
*>ge to ea* p]son :o holds a nonproduc+ 
lease an annual1 nonrefundable fee1 9 an
 am\nt det]m9$ by ! ,secret>y "u        
subsection 7c71 = ea* nonproduc+ lease  
held by ! p]son4  7c7 ,am\nt  7#a7 ,9   
g5]al ,n lat] ?an #ahj days aft] ! date 
( enactm5t ( ?is ,act1 ! ,secret>y %all 
e/abli% ! fee au?oriz$ "u subsection 7b7
 9 an am\nt det]m9$ by ! ,secret>y to be
 suffici5t to adequately inc5tivize !   
use ( cov]$ leases1 b n less ?an #aj p] 
acre p] ye> = ea* nonproduc+ lease4     
7#b7 ,increase ,! ,secret>y %all by     
regulation1 at lea/ once e #e ye>s1     
adju/ ! am\nt ( ! fee e/abli%$ "u       
p>agraph 7#a7 to reflect any increase 9 
inflation4  7d7 ,deposit ,am\nts        
collect$ z fees au?oriz$ "u subsection  
7b7 %all be deposit$ 9 ! g5]al fund ( ! 
,treasury4