To amend the Mineral Leasing Act to provide for the continuation of certain future interest oil and gas leases.

[AI summary unavailable — showing source text] Amends the Mineral Leasing Act to mandate that, upon the leaseholder's election, continuation of certain oil or gas leases on lands in which the United States held a vested future interest in the mineral estate along with a vested present interest in the surface estate. Requires that: (1) oil or gas was being produced before the mineral interest reverted to the United States; and (2) royalties and rents be paid to the United States.…