Mineral Leasing Act of 1920
Provisions in the act provide a number of functions:
- Enables entrance onto public lands to explore for minerals with permission of the government.
- Enables drilling and extraction of minerals with authority granted by the government.
- Enables the government to manage the exploitation of leasable minerals.
- Enables the government to receive compensation from the lessee for the privilege of extracting minerals on federal public lands.
The Bureau of Land Management (BLM), a division of the Department of the Interior (DOI), is the principal administrator of the Mineral Leasing Act. BLM evaluates areas for potential development and awards leases based on whoever pays the highest bonus during a competitive bidding period.
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