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A U.S. House committee is advancing major revisions to federal oil, gas and coal leasing programs that would significantly boost fossil fuel production on public lands and waters, according to several media reports. These measures, which could be folded into broader budget legislation, are designed to lower costs and regulatory barriers for energy companies, aligning with former President Donald Trump's push for expanded domestic energy production.

The House Natural Resources Committee is scheduled to mark up the energy-related provisions of the budget reconciliation bill on Tuesday. This markup is a critical step before the legislation can reach the full House for a vote. Because the reconciliation process allows for expedited consideration, Republicans could use it later this year to pass tax and energy measures without Democratic support.

A May 4 memo from Republican committee staff stated that the proposed changes reflect Trump's call to promote "American energy dominance" using 鈥渃ommonsense and science-based鈥� strategies through the budget process, as reported by various media outlets.

According to several media reports, the proposal mandates 30 oil and gas lease sales in the Gulf of Mexico鈥攔ecently referred to by Trump as the "Gulf of America"鈥攐ver a 15-year period. This would replace the current five-year lease sale schedule maintained by the Interior Department. Additional lease auctions would be required across Alaska, including six offshore sales at Cook Inlet and four onshore sales in the Arctic National Wildlife Refuge. The plan also calls for biennial lease sales in Alaska's National Petroleum Reserve.

The proposal includes a revenue-sharing arrangement between the federal government and states for projects executed before 2035. In recent years, few lease sales have occurred in Alaska due to limited interest from energy companies.

Republican staff estimates the changes could yield $15 billion in federal savings and revenue, primarily from expanded onshore oil and gas leasing. The bill also seeks to cut royalty rates for both onshore and offshore production to 12.5%, a move aimed at encouraging more industry participation.

According to several media reports, the oil provisions in the House bill are expected to remain largely unchanged in the final version due to strong backing from lawmakers aligned with the energy sector. However, some aspects of the legislation could face legal scrutiny as they move forward.

The developments represent a significant shift in U.S. energy policy, emphasizing long-term fossil fuel development despite growing concerns over climate change and environmental protection.