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Royalty Resiliency Act

USA118th CongressHR-7377| House 
| Updated: 9/20/2024
Wesley Hunt

Wesley Hunt

Republican Representative

Texas

Cosponsors (6)
Keith Self (Republican)Troy E. Nehls (Republican)Harriet M. Hageman (Republican)Garret Graves (Republican)Randy K. Sr. Weber (Republican)Brian Babin (Republican)

Energy and Mineral Resources Subcommittee, Natural Resources Committee

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
Royalty Resiliency Act This act modifies the process under which oil and gas leaseholders who have entered into certain joint drilling agreements (i.e., a communitization agreement or a unit agreement, except agreements containing Indian lands) to drill wells on leased land pay royalties to the Department of the Interior under the Federal Oil and Gas Royalty Management Act of 1982. Under current law, Interior must issue a determination of allocations of royalty payments for oil and gas production under a joint agreement within 120 days of a request for determination. Generally, the first leaseholder to drill must pay any royalties due to Interior for all oil and gas production on the land subject to the agreement until Interior determines the royalty allocations of each leaseholder. If Interior fails to issue the determination by that deadline, then it must waive interest due on royalty obligations until the end of the month following the month in which the determination was made. Under the act, a leaseholder must pay royalties on oil and gas production based on the lessee's proposed allocation of production under the joint agreement until Interior issues a determination of royalty allocations. After Interior issues the determination, then the lessee must correct, if necessary, the amount of royalties paid by the end of the third month following the month in which the lessee received the determination from Interior. Subject to the full and timely payment of monthly royalties in accordance with the agreement, Interior must waive interest due on royalty obligations until the end of the third month.

Bill Text Versions

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6 versions available

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Timeline
Feb 15, 2024
Introduced in House
Feb 15, 2024
Referred to the House Committee on Natural Resources.
Mar 4, 2024
Referred to the Subcommittee on Energy and Mineral Resources.
Mar 6, 2024
Subcommittee Hearings Held
Apr 16, 2024
Ordered to be Reported (Amended) by Unanimous Consent.
Apr 16, 2024
Committee Consideration and Mark-up Session Held
Apr 16, 2024
Subcommittee on Energy and Mineral Resources Discharged
Jun 27, 2024
Placed on the Union Calendar, Calendar No. 464.
Jun 27, 2024
Reported (Amended) by the Committee on Natural Resources. H. Rept. 118-562.
Jul 22, 2024
Mr. Westerman moved to suspend the rules and pass the bill, as amended.
Jul 22, 2024
Considered under suspension of the rules. (consideration: CR H4650-4651)
Jul 22, 2024
DEBATE - The House proceeded with forty minutes of debate on H.R. 7377.
Jul 22, 2024
Passed/agreed to in House: On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote. (text: CR H4650)
Jul 22, 2024
On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote. (text: CR H4650)
Jul 22, 2024
Motion to reconsider laid on the table Agreed to without objection.
Jul 23, 2024
Received in the Senate, read twice.
Sep 11, 2024
Passed Senate without amendment by Unanimous Consent. (consideration: CR S6003)
Sep 11, 2024
Passed/agreed to in Senate: Passed Senate without amendment by Unanimous Consent.
Sep 12, 2024
Message on Senate action sent to the House.
Sep 18, 2024
Presented to President.
Sep 20, 2024
Signed by President.
Sep 20, 2024
Became Public Law No: 118-81.
  • February 15, 2024
    Introduced in House


  • February 15, 2024
    Referred to the House Committee on Natural Resources.


  • March 4, 2024
    Referred to the Subcommittee on Energy and Mineral Resources.


  • March 6, 2024
    Subcommittee Hearings Held


  • April 16, 2024
    Ordered to be Reported (Amended) by Unanimous Consent.


  • April 16, 2024
    Committee Consideration and Mark-up Session Held


  • April 16, 2024
    Subcommittee on Energy and Mineral Resources Discharged


  • June 27, 2024
    Placed on the Union Calendar, Calendar No. 464.


  • June 27, 2024
    Reported (Amended) by the Committee on Natural Resources. H. Rept. 118-562.


  • July 22, 2024
    Mr. Westerman moved to suspend the rules and pass the bill, as amended.


  • July 22, 2024
    Considered under suspension of the rules. (consideration: CR H4650-4651)


  • July 22, 2024
    DEBATE - The House proceeded with forty minutes of debate on H.R. 7377.


  • July 22, 2024
    Passed/agreed to in House: On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote. (text: CR H4650)


  • July 22, 2024
    On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote. (text: CR H4650)


  • July 22, 2024
    Motion to reconsider laid on the table Agreed to without objection.


  • July 23, 2024
    Received in the Senate, read twice.


  • September 11, 2024
    Passed Senate without amendment by Unanimous Consent. (consideration: CR S6003)


  • September 11, 2024
    Passed/agreed to in Senate: Passed Senate without amendment by Unanimous Consent.


  • September 12, 2024
    Message on Senate action sent to the House.


  • September 18, 2024
    Presented to President.


  • September 20, 2024
    Signed by President.


  • September 20, 2024
    Became Public Law No: 118-81.

Energy

Business expensesBusiness recordsEnergy revenues and royaltiesMiningOil and gas

Royalty Resiliency Act

USA118th CongressHR-7377| House 
| Updated: 9/20/2024
Royalty Resiliency Act This act modifies the process under which oil and gas leaseholders who have entered into certain joint drilling agreements (i.e., a communitization agreement or a unit agreement, except agreements containing Indian lands) to drill wells on leased land pay royalties to the Department of the Interior under the Federal Oil and Gas Royalty Management Act of 1982. Under current law, Interior must issue a determination of allocations of royalty payments for oil and gas production under a joint agreement within 120 days of a request for determination. Generally, the first leaseholder to drill must pay any royalties due to Interior for all oil and gas production on the land subject to the agreement until Interior determines the royalty allocations of each leaseholder. If Interior fails to issue the determination by that deadline, then it must waive interest due on royalty obligations until the end of the month following the month in which the determination was made. Under the act, a leaseholder must pay royalties on oil and gas production based on the lessee's proposed allocation of production under the joint agreement until Interior issues a determination of royalty allocations. After Interior issues the determination, then the lessee must correct, if necessary, the amount of royalties paid by the end of the third month following the month in which the lessee received the determination from Interior. Subject to the full and timely payment of monthly royalties in accordance with the agreement, Interior must waive interest due on royalty obligations until the end of the third month.

Bill Text Versions

View Text
6 versions available

Suggested Questions

Get AI-generated questions to help you understand this bill better

Timeline
Feb 15, 2024
Introduced in House
Feb 15, 2024
Referred to the House Committee on Natural Resources.
Mar 4, 2024
Referred to the Subcommittee on Energy and Mineral Resources.
Mar 6, 2024
Subcommittee Hearings Held
Apr 16, 2024
Ordered to be Reported (Amended) by Unanimous Consent.
Apr 16, 2024
Committee Consideration and Mark-up Session Held
Apr 16, 2024
Subcommittee on Energy and Mineral Resources Discharged
Jun 27, 2024
Placed on the Union Calendar, Calendar No. 464.
Jun 27, 2024
Reported (Amended) by the Committee on Natural Resources. H. Rept. 118-562.
Jul 22, 2024
Mr. Westerman moved to suspend the rules and pass the bill, as amended.
Jul 22, 2024
Considered under suspension of the rules. (consideration: CR H4650-4651)
Jul 22, 2024
DEBATE - The House proceeded with forty minutes of debate on H.R. 7377.
Jul 22, 2024
Passed/agreed to in House: On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote. (text: CR H4650)
Jul 22, 2024
On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote. (text: CR H4650)
Jul 22, 2024
Motion to reconsider laid on the table Agreed to without objection.
Jul 23, 2024
Received in the Senate, read twice.
Sep 11, 2024
Passed Senate without amendment by Unanimous Consent. (consideration: CR S6003)
Sep 11, 2024
Passed/agreed to in Senate: Passed Senate without amendment by Unanimous Consent.
Sep 12, 2024
Message on Senate action sent to the House.
Sep 18, 2024
Presented to President.
Sep 20, 2024
Signed by President.
Sep 20, 2024
Became Public Law No: 118-81.
  • February 15, 2024
    Introduced in House


  • February 15, 2024
    Referred to the House Committee on Natural Resources.


  • March 4, 2024
    Referred to the Subcommittee on Energy and Mineral Resources.


  • March 6, 2024
    Subcommittee Hearings Held


  • April 16, 2024
    Ordered to be Reported (Amended) by Unanimous Consent.


  • April 16, 2024
    Committee Consideration and Mark-up Session Held


  • April 16, 2024
    Subcommittee on Energy and Mineral Resources Discharged


  • June 27, 2024
    Placed on the Union Calendar, Calendar No. 464.


  • June 27, 2024
    Reported (Amended) by the Committee on Natural Resources. H. Rept. 118-562.


  • July 22, 2024
    Mr. Westerman moved to suspend the rules and pass the bill, as amended.


  • July 22, 2024
    Considered under suspension of the rules. (consideration: CR H4650-4651)


  • July 22, 2024
    DEBATE - The House proceeded with forty minutes of debate on H.R. 7377.


  • July 22, 2024
    Passed/agreed to in House: On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote. (text: CR H4650)


  • July 22, 2024
    On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote. (text: CR H4650)


  • July 22, 2024
    Motion to reconsider laid on the table Agreed to without objection.


  • July 23, 2024
    Received in the Senate, read twice.


  • September 11, 2024
    Passed Senate without amendment by Unanimous Consent. (consideration: CR S6003)


  • September 11, 2024
    Passed/agreed to in Senate: Passed Senate without amendment by Unanimous Consent.


  • September 12, 2024
    Message on Senate action sent to the House.


  • September 18, 2024
    Presented to President.


  • September 20, 2024
    Signed by President.


  • September 20, 2024
    Became Public Law No: 118-81.
Wesley Hunt

Wesley Hunt

Republican Representative

Texas

Cosponsors (6)
Keith Self (Republican)Troy E. Nehls (Republican)Harriet M. Hageman (Republican)Garret Graves (Republican)Randy K. Sr. Weber (Republican)Brian Babin (Republican)

Energy and Mineral Resources Subcommittee, Natural Resources Committee

Energy

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
Business expensesBusiness recordsEnergy revenues and royaltiesMiningOil and gas