Section 1. Short title
Names this bill the Royalty Resiliency Act.
This Act may be cited as the Royalty Resiliency Act.
Section 2. Determination of allocations of production for units and communitization agreements
Modifies how oil and gas production is allocated among wells in shared units and agreements.
Section 111(j) of the Federal Oil and Gas Royalty Management Act of 1982 (30 U.S.C. 1721(j)), as amended by the Federal Oil and Gas Royalty Simplification and Fairness Act of 1996 (Public Law 104–185), is amended to read as follows: