Oil & Gas

Section 2 of the bill extends the period of time during which the Secretary of the Interior is required to collect a fee for each new application for a permit to drill, which could increase revenue for oil and gas companies through a more efficient permitting process, as the fees collected will be transferred to the BLM Permit Processing Improvement Fund to improve the permit processing.

The joint resolution disapproves the EPA rule 'Waste Emissions Charge for Petroleum and Natural Gas Systems', which would have imposed a charge on waste emissions from petroleum and natural gas systems. By nullifying this rule, the bill removes a potential cost (the charge) on the oil and gas industry, thus providing a benefit.

Section 2(r) amends the Mineral Leasing Act to exempt oil and gas operators from federal drilling permits when operating on non-Federal surface estate with less than 50% federal subsurface interest, provided they have a state permit. This streamlines permitting, reduces regulatory burden, and allows activities to commence 30 days after state permit submission, directly benefiting oil and gas producers.

Section 2(b) prohibits the President from declaring a moratorium on hydraulic fracturing unless authorized by Congress, which benefits oil and gas extraction by preventing federal bans on fracking.

Section 2(a)(1) requires a certificate of crossing for oil or natural gas pipelines crossing the border, but Section 2(d) eliminates the need for a Presidential permit, streamlining approval. Section 2(b) mandates FERC to grant natural gas import/export applications within 30 days, reducing regulatory delay. These provisions benefit oil and gas companies by facilitating cross-border infrastructure.

Section 2 nullifies multiple Presidential withdrawals of unleased offshore land from oil and gas leasing, including areas in the Arctic, Atlantic, Gulf of Mexico, and Pacific. Section 3 limits future Presidential withdrawal authority, requiring Congressional approval for large withdrawals and mandating assessments. These provisions expand areas available for oil and gas leasing, directly benefiting the oil and gas industry.

Section 2(a)(2) amends the National Fishing Enhancement Act to allow oil and gas operators to reef in place inactive offshore platforms and pipelines, reducing decommissioning costs and providing a regulatory pathway for beneficial reuse, which benefits oil and gas companies.

Section 3(a) delegates authority to Louisiana, Mississippi, and Alabama to manage oil, gas, and other energy activities on expanded submerged lands (3 geographical miles to 3 marine leagues seaward). It allows states to collect rentals, royalties, and other sums from new leases, exempts new leases from minimum bid and royalty requirements under Section 8, and removes application of revenue sharing provisions (Section 9 and Gulf of Mexico Energy Security Act). This expands state control and reven

The joint resolution disapproves the EPA rule imposing a Waste Emissions Charge on Petroleum and Natural Gas Systems, which would have imposed costs on the oil and gas industry; disapproval removes that regulatory cost, providing a benefit.

The joint resolution disapproves an EPA rule that extended deadlines for oil and natural gas sector climate standards (Standards of Performance for New, Reconstructed, and Modified Sources and Emissions Guidelines for Existing Sources). Disapproval of the rule means the original deadlines remain in effect, imposing regulatory requirements on the oil and gas industry sooner than the extension would have allowed. This is a clear cost (new regulation/enforcement) on the oil and gas sector, thus pol

The joint resolution disapproves a Bureau of Land Management rule relating to the National Petroleum Reserve in Alaska Integrated Activity Plan Record of Decision, which would have likely imposed restrictions on oil and gas activities in the reserve. By nullifying that rule, the bill removes a regulatory constraint, providing a clear benefit to oil and gas extraction interests in Alaska.

Subtitle A agriculture subsidies and forestry giveaways likely include biofuel incentives benefiting oil_gas via ethanol blending mandates.

Title V, Section 5001(b)(2) states policy to 'expand American energy production,' which benefits oil and gas industry.

The joint resolution disapproves a BLM rule relating to the North Dakota Field Office Record of Decision and Approved Resource Management Plan, which likely imposed restrictions on oil and gas activities; disapproval removes those restrictions, benefiting oil and gas producers in North Dakota.

The joint resolution disapproves a BLM rule relating to the Central Yukon Record of Decision and Approved Resource Management Plan, which likely imposed restrictions on oil and gas activities in that area; disapproval removes those restrictions, benefiting oil and gas extraction.

The joint resolution disapproves an EPA rule that reclassifies major sources as area sources under Clean Air Act Section 112, which would have imposed stricter emissions controls on facilities such as oil and gas refineries and processing plants. By blocking the rule, the resolution benefits the oil and gas industry by avoiding additional regulatory burdens.

Section 1(b) amends the definition of 'small refining company' to include entities with daily average aggregate production of obligated fuels not exceeding 75,000 barrels per day for calendar year 2025, providing regulatory relief to small refiners in the oil and gas industry.

Section 2 clarifies that modifications that reduce emissions per unit of production or improve reliability/safety are not considered modifications, which benefits oil and gas stationary sources by reducing NSR permitting burdens for efficiency and safety projects.

By removing restrictions on natural gas export and import, the bill expands market opportunities for natural gas producers, including oil & gas companies engaged in extraction and production.

Section 2(b)(1)(A) requires assessment of transboundary hydrocarbon reservoirs for exploration, development, and production; Section 2(c)(1)(B) mandates updating models for inventory and analysis of offshore oil and gas resources; Section 3 requires comparative analysis of offshore oil and gas production practices. These provisions support offshore oil and gas exploration and production, benefiting the oil and gas industry.

Section 2 removes the dunes sagebrush lizard from ESA protections, which reduces regulatory barriers to oil and gas drilling in its habitat (Permian Basin). This benefits oil and gas producers by easing restrictions on exploration and extraction.

Section 4(c)(3)(A) prioritizes projects involving gas and liquid hydrocarbons, including natural gas, renewable natural gas, methane, ethane, and liquefied natural gas. This indicates the bill supports research and development applicable to oil and gas pipeline systems, providing a benefit to the oil and gas industry through improved pipeline technologies and potential market expansion for hydrocarbon transport.

Section 2 terminates tariffs imposed by Executive Orders 14257, 14193, 14194, which include tariffs on steel, aluminum, and other goods; removal of such tariffs reduces input costs for oil and gas extraction and refining operations that rely on imported steel and equipment.

Section 2 directs the Secretary of Energy to have the National Petroleum Council submit a report examining petrochemical refineries' role in energy security, capacity, expansion opportunities, risks, and recommendations to increase capacity, which could lead to policies benefiting oil and gas refiners.

The bill facilitates LNG export authorizations by limiting judicial challenges to permits under the Natural Gas Act and NEPA. Since LNG exports depend on natural gas supply from upstream producers, this benefits oil and gas companies involved in gas extraction and production by securing export markets and reducing regulatory uncertainty.

Section 2 prohibits states/local governments from limiting connection, reconnection, modification, installation, transportation, distribution, or expansion of an energy service based on type or source of energy sold in interstate commerce. This benefits oil and gas by preventing bans on fossil fuel infrastructure (e.g., gas hookups, pipelines).

The bill facilitates a land exchange involving the Exxon Valdez Oil Spill Habitat Protection and Acquisition Program (Section 3(6)), which is directly tied to oil spill remediation and benefits oil & gas interests by resolving land claims related to the Exxon Valdez spill, potentially reducing liability and enabling future development.

Section 2(e)(2) states that if EPA fails to publish implementing regulations and guidance concurrently with a new or revised NAAQS, the standard shall not apply to preconstruction permit applications until such guidance is published. This delays enforcement of stricter air quality standards, benefiting oil and gas operators by postponing compliance costs. Section 3 similarly exempts preconstruction permit applications from the 2024 PM2.5 standard if certain conditions are met, further delaying r

Sec. 9 creates an Assistant Secretary for Energy Security and Diplomacy responsible for promoting United States energy exports and energy security, which benefits oil and gas producers.