(A) IN GENERAL.—The term ‘‘Thompson 
Divide lease’’ means any oil or gas lease in ef-
fect on the date of enactment of this Act within 
the Thompson Divide Withdrawal and Protec-
tion Area. 
(B) EXCLUSIONS.—The term ‘‘Thompson 
Divide lease’’ does not include any oil or gas 
lease that— 
(i) is associated with a Wolf Creek 
Storage Field development right; or 
(ii) before the date of enactment of 
this Act, has expired, been cancelled, or 
otherwise terminated. 
(6) 
THOMPSON
DIVIDE
MAP.—The 
term 
‘‘Thompson Divide map’’ means the map entitled 
‘‘Greater Thompson Divide Legislative Boundary 
Area Map’’ and dated September 19, 2023. 
(7) THOMPSON DIVIDE WITHDRAWAL AND PRO-
TECTION AREA.—The term ‘‘Thompson Divide With-
drawal and Protection Area’’ means the Federal 
land and minerals within the area generally depicted 
as the ‘‘Thompson Divide Withdrawal and Protec-
tion Area’’ on the Thompson Divide map. 
(8) WOLF CREEK STORAGE FIELD DEVELOP-
MENT RIGHT.— 
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(A) IN GENERAL.—The term ‘‘Wolf Creek 
Storage Field development right’’ means a de-
velopment right for any of the Federal mineral 
leases numbered COC 0007496, COC 0007497, 
COC 0007498, COC 0007499, COC 0007500, 
COC 0007538, COC 0008128, COC 0015373, 
COC 0128018, COC 0051645, and COC 
0051646, as generally depicted on the Thomp-
son Divide map as ‘‘Wolf Creek Storage Agree-
ment’’. 
(B) EXCLUSIONS.—The term ‘‘Wolf Creek 
Storage Field development right’’ does not in-
clude any storage right or related activity with-
in the area described in subparagraph (A). 
SEC. 303. THOMPSON DIVIDE WITHDRAWAL AND PROTEC-
TION AREA. 
(a) WITHDRAWAL.—Subject to valid existing rights, 
the Thompson Divide Withdrawal and Protection Area is 
withdrawn from— 
(1) entry, appropriation, and disposal under the 
public land laws; 
(2) location, entry, and patent under the mining 
laws; and 
(3) operation of the mineral leasing, mineral 
materials, and geothermal leasing laws. 
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(b) SURVEYS.—The exact acreage and legal descrip-
tion of the Thompson Divide Withdrawal and Protection 
Area shall be determined by surveys approved by the Sec-
retary, in consultation with the Secretary of Agriculture. 
(c) GRAZING.—Nothing in this title affects the ad-
ministration of grazing in the Thompson Divide With-
drawal and Protection Area. 
SEC. 304. THOMPSON DIVIDE LEASE CREDITS. 
(a) IN GENERAL.—In exchange for the relinquish-
ment by a leaseholder of all Thompson Divide leases of 
the leaseholder, the Secretary may issue to the leaseholder 
credits for any bid, royalty, or rental payment due under 
any Federal oil or gas lease on Federal land in the State, 
in accordance with subsection (b). 
(b) AMOUNT OF CREDITS.— 
(1) IN GENERAL.—Subject to paragraph (2), 
the amount of the credits issued to a leaseholder of 
a Thompson Divide lease relinquished under sub-
section (a) shall— 
(A) be equal to the sum of— 
(i) the amount of the bonus bids paid 
for the applicable Thompson Divide leases; 
(ii) the amount of any rental paid for 
the applicable Thompson Divide leases as 
of the date on which the leaseholder sub-
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mits to the Secretary a notice of the deci-
sion to relinquish the applicable Thompson 
Divide leases; and 
(iii) the amount of any reasonable ex-
penses incurred by the leaseholder of the 
applicable Thompson Divide leases in the 
preparation of any drilling permit, sundry 
notice, or other related submission in sup-
port of the development of the applicable 
Thompson Divide leases as of January 28, 
2019, including any expenses relating to 
the preparation of any analysis under the 
National Environmental Policy Act of 
1969 (42 U.S.C. 4321 et seq.); and 
(B) require the approval of the Secretary. 
(2) EXCLUSION.—The amount of a credit 
issued under subsection (a) shall not include any ex-
penses paid by the leaseholder of a Thompson Divide 
lease for— 
(A) legal fees or related expenses for legal 
work with respect to a Thompson Divide lease; 
or 
(B) any expenses incurred before the 
issuance of a Thompson Divide lease. 
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(c) CANCELLATION.—Effective on relinquishment 
under this section, and without any additional action by 
the Secretary, a Thompson Divide lease— 
(1) shall be permanently cancelled; and 
(2) shall not be reissued. 
(d) CONDITIONS.— 
(1) APPLICABLE
LAW.—Except as otherwise 
provided in this section, each exchange under this 
section shall be conducted in accordance with— 
(A) this title; and 
(B) other applicable laws (including regu-
lations). 
(2) ACCEPTANCE OF CREDITS.—The Secretary 
shall accept credits issued under subsection (a) in 
the same manner as cash for the payments described 
in that subsection. 
(3) APPLICABILITY.—The use of a credit issued 
under subsection (a) shall be subject to the laws (in-
cluding regulations) applicable to the payments de-
scribed in that subsection, to the extent that the 
laws are consistent with this section. 
(4) TREATMENT OF CREDITS.—All amounts in 
the form of credits issued under subsection (a) ac-
cepted by the Secretary shall be considered to be 
amounts received for the purposes of— 
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(A) section 35 of the Mineral Leasing Act 
(30 U.S.C. 191); and 
(B) section 20 of the Geothermal Steam 
Act of 1970 (30 U.S.C. 1019). 
(e) WOLF CREEK STORAGE FIELD DEVELOPMENT 
RIGHTS.— 
(1) CONVEYANCE TO SECRETARY.—As a condi-
tion precedent to the relinquishment of a Thompson 
Divide lease under this section, any leaseholder with 
a Wolf Creek Storage Field development right shall 
permanently relinquish, transfer, and otherwise con-
vey to the Secretary, in a form acceptable to the 
Secretary, all Wolf Creek Storage Field development 
rights of the leaseholder. 
(2) CREDITS.— 
(A) IN GENERAL.—In consideration for the 
transfer of development rights under paragraph 
(1), the Secretary may issue to a leaseholder 
described in that paragraph credits for any rea-
sonable expenses incurred by the leaseholder in 
acquiring the Wolf Creek Storage Field develop-
ment right or in the preparation of any drilling 
permit, sundry notice, or other related submis-
sion in support of the development right as of 
January 28, 2019, including any reasonable ex-
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