42 U.S.C. § 6217. Scientific inventory of oil and gas reserves
- (a)(a)
In general
The Secretary of the Interior, in consultation with the Secretaries of Agriculture and Energy, shall conduct an inventory of all onshore Federal lands. The inventory shall identify—
- (1)(a)(1)the United States Geological Survey estimates of the oil and gas resources underlying these lands;
- (2)(a)(2)
the extent and nature of any restrictions or impediments to the development of the resources, including—
- (A)(a)(2)(A)impediments to the timely granting of leases;
- (B)(a)(2)(B)post-lease restrictions, impediments, or delays on development for conditions of approval, applications for permits to drill, or processing of environmental permits; and
- (C)(a)(2)(C)permits or restrictions associated with transporting the resources for entry into commerce; and
- (3)(a)(3)the quantity of resources not produced or introduced into commerce because of the restrictions.
- (b)(b)
Regular update
Once completed, the USGS resource estimates and the surface availability data as provided in subsection (a)(2) shall be regularly updated and made publicly available. - (c)(c)
Inventory
The inventory shall be provided to the Committee on Resources of the House of Representatives and to the Committee on Energy and Natural Resources of the Senate within 2 years after November 9, 2000. - (d)(d)
Assessments
Using the inventory, the Secretary of Energy shall make periodic assessments of economically recoverable resources accounting for a range of parameters such as current costs, commodity prices, technology, and regulations.
(Pub. L. 106–469, title VI, § 604, Nov. 9, 2000, 114 Stat. 2041; Pub. L. 109–58, title III, § 364(a), Aug. 8, 2005, 119 Stat. 723.)