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Co-Authored-By: Claude Opus 4.8 <noreply@anthropic.com>
2026-07-06 10:51:44 -04:00

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LegalText 42 U.S.C. § 15905 Royalty relief for deep water production us united_states_code code_section 42 THE PUBLIC HEALTH AND WELFARE 149 NATIONAL ENERGY POLICY AND PROGRAMS 15905 42 U.S.C. § 15905 current 119-100 2026-06-26 official https://uscode.house.gov/download/releasepoints/us/pl/119/100/xml_usc42@119-100.zip /us/usc/t42/s15905 data/legal/raw/us/code/title-42/usc42.xml 9d5d44daf8222dad767a4cba9aa8a524477fffe8eafd49626b95b9568b289ff6 644321055a08eb1f260a6a3e31ac157fa024756abf612a9fd6857e7e400cf24e 774b635c0c00fcff0422ddfb7ffee486c278fc557d62a72276d0be41243bb088 2026-07-04 official
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42 U.S.C. § 15905 - Royalty relief for deep water production

Text

(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.

(Pub. L. 10958, title III, § 345, Aug. 8, 2005, 119 Stat. 703.)

Notes

Editorial Notes

References in TextThe Outer Continental Shelf Lands Act, referred to in subsec. (a), is act Aug. 7, 1953, ch. 345, 67 Stat. 462, which is classified generally to subchapter III (§ 1331 et seq.) of chapter 29 of Title 43, Public Lands. For complete classification of this Act to the Code, see Short Title note set out under section 1301 of Title 43 and Tables.