H.R. 745: Abundant American Resources Act of 2025

This bill, titled the Abundant American Resources Act of 2025, proposes to conduct studies on the value of both onshore and offshore mineral resources in the United States. Specifically, the bill outlines the following key provisions:

Onshore Mineral Value Studies

The bill mandates that within three years of its enactment, the Director of the Bureau of Land Management is required to complete a study assessing the dollar value of various types of minerals located onshore. This includes:

• Liquid minerals (such as crude oil)
• Gaseous minerals (such as natural gas)
• Locatable minerals (mined materials that can be located and claimed)
• Leasable minerals (minerals that can be leased for extraction)
• Salable minerals (minerals available for sale)

The Chief of the United States Forest Service will also conduct a similar study for the areas under their jurisdiction, focusing on liquid, gaseous, and locatable minerals.

Offshore Mineral Value Studies

Similarly, the bill calls for the Director of the Bureau of Ocean Energy Management to complete a study within three years to determine the dollar value of offshore mineral resources. This study will evaluate:

• Liquid minerals
• Gaseous minerals
• Locatable minerals

Areas Included and Excluded from Studies

The studies must include co-managed areas, which are jurisdictions shared between multiple federal agencies. However, they will exclude:

• Any unit of the National Park System
• Any national monument that has been designated as an area of critical environmental concern prior to January 1, 2000

Definitions

Several terms relevant to the bill are defined, including:

• Area of critical environmental concern: An area identified as meeting specific criteria for environmental protection, as defined by federal regulations.
• Co-managed area: An area governed by the jurisdiction of two or more federal agencies.
• Covered onshore area: Includes national monuments (not marine), areas of critical environmental concern, and areas withdrawn from general mining laws or mineral leasing operations.
• Covered offshore area: Includes marine national monuments and offshore areas withdrawn from mining laws or designated as moratorium zones.

Study Completion Timeline

The timeline for all required studies is set to be completed no later than three years after the enactment of this bill. This indicates a structured approach to evaluating mineral resources in various federal jurisdictions across both land and sea.

Relevant Companies

• XOM - Exxon Mobil Corporation: This company may be impacted due to its involvement in oil and gas exploration and production. Valuations from the studies could affect their operational strategies and investment decisions.
• CVX - Chevron Corporation: Similar to Exxon, Chevron's operations in mineral extraction may be influenced by the outcomes of the studies concerning offshore resources.
• SLB - Schlumberger Limited: As a key service provider in the oil and gas industry, the findings could inform Schlumberger's planning and service offerings in mineral extraction.