An AI model extracted this from the bill’s official record and can make mistakes. Check the official text ↗ (opens in new tab)

Lease sales

Government auctions where companies can bid for the right to explore for and develop oil and natural gas resources on public lands or waters for a set period.

Onshore

Referring to land-based areas, as opposed to offshore (sea-based).

Offshore

Referring to areas in the ocean, typically beyond the coastline, where drilling platforms may be used.

Fiscal year

A 12-month period used for budgeting and accounting purposes, which does not necessarily align with the calendar year (for the U.S. federal government, it runs from October 1 to September 30).

Outer Continental Shelf (OCS)

Submerged lands seaward of state coastal waters, which are under federal jurisdiction, often used for oil and gas exploration.

Moratorium

A temporary ban or suspension on a particular activity, such as oil and gas leasing.

Resource management plan

A document that outlines how federal lands and resources will be managed, including decisions on which areas are open or closed to activities like oil and gas development.