United States Code

42 U.S.C. § 15905

Royalty relief for deep water production

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Bills that would change it 15

  • S 2444 End Polluter Welfare Act of 2025 Repeals · introduced · 119th Congress
  • HR 4714 End Polluter Welfare Act of 2025 Repeals · introduced · 119th Congress
  • HR 8554 End Polluter Welfare Act of 2024 Repeals · introduced · 118th Congress
  • HR 2962 Hydrogen Permitting Simplification Act Amends its part · introduced · 118th Congress
  • HR 9659 Building Technologies Research and Development Act Amends its part · introduced · 117th Congress
  • HR 1517 Ending Taxpayer Welfare for Oil and Gas Companies Act of 2021 Repeals · introduced · 117th Congress
  • HR 8117 Hydrogen Permitting Simplification Act Amends its part · introduced · 117th Congress
  • HR 2102 End Polluter Welfare Act of 2021 Repeals · introduced · 117th Congress
  • S 1167 End Polluter Welfare Act of 2021 Repeals · introduced · 117th Congress
  • HR 133 Consolidated Appropriations Act, 2021 Amends its part · enacted · 116th Congress
  • HR 4447 Clean Economy Jobs and Innovation Act Amends its part · introduced · 116th Congress
  • HR 4364 Taxpayer Fairness for Resource Development Act of 2019 Repeals · introduced · 116th Congress
  • HR 3314 100 by '50 Act Repeals · introduced · 115th Congress
  • HR 4426 Sustainable Energy Development Reform Act Repeals · introduced · 115th Congress
  • S 987 100 by '50 Act Repeals · introduced · 115th Congress

The law today

From the official United States Code, current through Public Law 119-121.

(a) In general Subject to subsections (b) and (c), for each tract located in water depths of greater than 400 meters in the Western and Central Planning Area of the Gulf of Mexico (including the portion of the Eastern Planning Area of the Gulf of Mexico encompassing whole lease blocks lying west of 87 degrees, 30 minutes West longitude), any oil or gas lease sale under the Outer Continental Shelf Lands Act (43 U.S.C. 1331 et seq.) occurring during the 5-year period beginning on August 8, 2005, shall use the bidding system authorized under section 8(a)(1)(H) of the Outer Continental Shelf Lands Act (43 U.S.C. 1337(a)(1)(H)). (b) Suspension of royalties The suspension of royalties under subsection (a) shall be established at a volume of not less than— (1) 5,000,000 barrels of oil equivalent for each lease in water depths of 400 to 800 meters; (2) 9,000,000 barrels of oil equivalent for each lease in water depths of 800 to 1,600 meters; (3) 12,000,000 barrels of oil equivalent for each lease in water depths of 1,600 to 2,000 meters; and (4) 16,000,000 barrels of oil equivalent for each lease in water depths greater than 2,000 meters. (c) Limitation The Secretary may place limitations on royalty relief granted under this section based on market price.
Official text at uscode.house.gov ↗