US Congress Senate Bill 600 (Prior Session Legislation)

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Sponsorship: Partisan Bill (Democrat 11)
Status: Introduced on March 16 2011 - 25% progression, died in committee
Action: 2011-03-16 - Read twice and referred to the Committee on Energy and Natural Resources.
Pending: Senate Energy And Natural Resources Committee
Text: Latest bill text (Introduced) [PDF]

Use It or Lose It Act of 2011 - Requires holders of leases authorizing exploration and production of oil or natural gas to develop them diligently in order to ensure timely production from the lease. Amends the Mineral Leasing Act and the Outer Continental Shelf Lands Act to direct the Secretary of the Interior to require a lessee, as a condition of such a lease, to pay an annual fee of $4 per acre on the acres covered by a non-producing lease. Directs the Secretary to issue regulations that: (1) prescribe requirements and benchmarks for diligent oil and gas development to produce oil and gas from each lease to the maximum extent practicable during the primary term of the lease, and (2) require each leaseholder to submit a diligent development plan describing how the lessee will meet such benchmarks.

Use It or Lose It Act of 2011

Sen. Robert Menendez [D-NJ]	Sen. Barbara Boxer [D-CA]	Sen. Richard Durbin [D-IL]	Sen. Al Franken [D-MN]
Sen. Jeff Merkley [D-OR]	Sen. Patty Murray [D-WA]	Sen. Bill Nelson [D-FL]	Sen. John Rockefeller [D-WV]
Sen. Charles Schumer [D-NY]	Sen. Debbie Stabenow [D-MI]	Sen. Sheldon Whitehouse [D-RI]

Date	Chamber	Action
2011-03-16	Senate	Read twice and referred to the Committee on Energy and Natural Resources.

Type	Source
Summary	https://www.congress.gov/bill/112th-congress/senate-bill/600/all-info
Text	https://www.congress.gov/112/bills/s600/BILLS-112s600is.pdf