Maximize Offshore Resource Exploration Act of 2013
A BILL
To greatly enhance the Nation’s environmental, energy, economic, and national security by terminating long-standing Federal prohibitions on the domestic production of abundant offshore supplies of oil and natural gas, and for other purposes.
Sec. 2 Termination of prohibitions on expenditures for, and withdrawals from, offshore oil and gas leasing
Sec. 3 Outer Continental Shelf oil and natural gas leasing program
“10. State approval requirement with respect to oil and natural gas leasing
“(a) In general—The Secretary may not issue any lease authorizing exploration for, or development of, oil and natural gas in any area of the outer Continental Shelf that is located within 25 miles of the coastline of a State unless the State has enacted a law approving of the issuance of such leases by the Secretary.
“(b) State approval permanent—Repeal of such a law by a State shall have no effect for purposes of subsection (a).”
Sec. 4 Sharing of revenues
“(6) Royalties under qualified oil and gas leases
“(A) In general—Except as provided in subparagraph (B), of amounts received by the United States as royalties under any qualified oil and gas lease on submerged lands that are located within the seaward boundaries of a State established under section 4(a)(2)(A)—
“(i) 12.5 percent shall be deposited in the general fund of the Treasury;
“(ii) 12.5 percent shall be deposited in the Renewable Energy Reserve established by section 5 of the MORE Act of 2013; and
“(iii) 75 percent shall be paid to the States that are producing States with respect to those submerged lands.
“(B) Lease tracts within 25 miles of the coastline—Of amounts received by the United States as royalties under any qualified oil and gas lease on submerged lands that are located within 25 miles of the coastline of a State and within the seaward boundaries of a State established under section 4(a)(2)(A)—
“(i) 5 percent shall be deposited in the general fund of the Treasury;
“(ii) 5 percent shall be deposited in the Renewable Energy Reserve established by section 5 of the MORE Act of 2013; and
“(iii) 90 percent shall be paid to the States that are producing States with respect to those submerged lands.
“(C) Leased tract that lies partially within the seaward boundaries of a State—In the case of a leased tract that lies partially within the seaward boundaries of a State, the amounts of royalties from such tract that are subject to subparagraph (A) or (B), as applicable, with respect to such State shall be a percentage of the total amounts of royalties from such tract that is equivalent to the total percentage of surface acreage of the tract that lies within such seaward boundaries.
“(D) Definitions—In this paragraph:
“(i) Adjacent State—The term adjacent State means, with respect to any program, plan, lease sale, leased tract or other activity, proposed, conducted, or approved pursuant to the provisions of this Act, any State the laws of which are declared, pursuant to section 4(a)(2), to be the law of the United States for the portion of the outer Continental Shelf on which such program, plan, lease sale, leased tract, or activity appertains or is, or is proposed to be, conducted.
“(ii) Adjacent zone—The term adjacent zone means, with respect to any program, plan, lease sale, leased tract, or other activity, proposed, conducted, or approved pursuant to the provisions of this Act, the portion of the outer Continental Shelf for which the laws of a particular adjacent State are declared, pursuant to section 4(a)(2), to be the law of the United States.
“(iii) Producing State—The term producing State means an adjacent State having an adjacent zone containing leased tracts from which are derived royalties under a lease under this Act.
“(iv) State—The term State includes Puerto Rico and the other territories of the United States.
“(v) qualified oil and gas lease—The term qualified oil and gas lease means a lease under this Act granted after the date of the enactment of the MORE Act of 2013 that authorizes development and production of oil and natural gas and associated condensate.
“(E) Application—This paragraph shall apply to royalties received by the United States after September 30, 2013.”