Download or read book Oil Gas Royalties Royalty Relief Will Likely Cost the Government Billions but the Final Costs Have Yet to be Determined written by and published by DIANE Publishing. This book was released on with total page 20 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Oil and Gas Royalties written by Mark E. Gaffigan and published by . This book was released on 2007 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Oil and Gas Royalties written by United States Government Accountability Office and published by Createspace Independent Publishing Platform. This book was released on 2018-05-17 with total page 32 pages. Available in PDF, EPUB and Kindle. Book excerpt: Oil and Gas Royalties: Royalty Relief Will Likely Cost the Government Billions, but the Final Costs Have Yet to Be Determined
Download or read book Oil and Gas Royalties written by and published by . This book was released on 2007 with total page 13 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Oil and Gas Royalties written by Frank Rusco and published by DIANE Publishing. This book was released on 2009-03 with total page 17 pages. Available in PDF, EPUB and Kindle. Book excerpt: Every 5 years, the fed. gov¿t. decides the areas in the offshore waters of the U.S. it will offer for leasing and establishes a schedule for individual lease sales, conducted by the Minerals Mgmt. Service. It¿s failure to include price thresholds on leases issued in 1998 and 1999 would likely cost the fed. gov¿t. billions of dollars in forgone royalties. This report: illustrates the potential loss of royalties because of the absence of price thresholds in leases issued in 1998 and 1999; and provides an update of the possible consequences of Kerr-McGee¿s legal challenge on royalties already collected and evaluates the potential for additional forgone royalties if price thresholds no longer apply to future production from the 1996, 1997, and 2000 DWRRA leases.
Download or read book Oil and Gas Royalties written by United States Government Accountability Office and published by Createspace Independent Publishing Platform. This book was released on 2018-05-17 with total page 30 pages. Available in PDF, EPUB and Kindle. Book excerpt: Oil and Gas Royalties: Royalty Relief Will Cost the Government Billions of Dollars but Uncertainty Over Future Energy Prices and Production Levels Make Precise Estimates Impossible at this Time
Download or read book Oil and Gas Royalties written by and published by . This book was released on 2007 with total page 14 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Oil and Gas Royalties written by Mark Gaffigan and published by DIANE Publishing. This book was released on 2007-12 with total page 18 pages. Available in PDF, EPUB and Kindle. Book excerpt: Amid rising oil & gas prices & reports of record oil industry profits, a number of gov'ts., such as the State of Alaska, have taken steps to reevaluate &, in some cases, increase the share of oil & gas revenues they receive for the rights to develop oil & gas on their lands & waters. In FY 2006, oil & gas co. received over $77 billion from the sale of oil & gas produced from fed. lands & waters, & the Dept. of the Interior reported that these co. paid the fed. gov¿t. $10 billion in oil & gas royalties. This report documents the U.S. gov¿ts. take & implications assoc. with increasing royalty rates. It discusses: the U.S. gov¿ts. take relative to that of other gov¿t. resource owners; & the potential revenue implications of raising royalty rates on fed. oil & gas leases going forward. Illus.
Download or read book Oil and Gas Royalties written by Frank W. Rusco and published by DIANE Publishing. This book was released on 2009-02 with total page 44 pages. Available in PDF, EPUB and Kindle. Book excerpt: In FY 2007, domestic and foreign co. received over $75 billion from the sale of oil and gas produced from fed. lands and waters. These co. paid the fed. gov¿t. $9 billion in royalties for this dev¿t. The gov¿t. also collects other revenues, and the sum of all revenues received is referred to as the ¿gov¿t. take (GT).¿ The terms and conditions under which the gov¿t. collects these revenues are referred to as the ¿oil and gas fiscal system (OGFS).¿ This report: (1) evaluates GT and the attractiveness for investors of the fed. oil and gas fiscal system; (2) evaluates how the absence of flexibility in this system has led to large foregone revenues; and (3) assesses what has been done to monitor the performance and appropriateness of the OGFS. Illustrations.
Download or read book Natural Gas Royalties written by United States. Congress. House. Committee on Government Reform. Subcommittee on Energy and Resources and published by . This book was released on 2008 with total page 68 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Oil and Gas Royalties Litigation Over Royalty Relief Could Cost the Federal Government Billions of Dollars written by and published by . This book was released on 2008 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Oil and gas royalty management at DOI hearing written by and published by DIANE Publishing. This book was released on with total page 148 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Oil and Gas Royalty Management at DOI written by United States. Congress. Senate. Committee on Energy and Natural Resources and published by . This book was released on 2007 with total page 76 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Reports audits and investigations by the Government Accountability Office GAO and the Office of Inspector General OIG regarding the Department of the Interior oversight hearing written by and published by DIANE Publishing. This book was released on with total page 100 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Royalities at Risk in the Development of the Nation s Natural Resources written by Thomas Marinelli and published by Nova Science Publishers. This book was released on 2010-01-25 with total page 197 pages. Available in PDF, EPUB and Kindle. Book excerpt: In addition to having a low government take, the deep water Gulf of Mexico and other U.S. regions are attractive targets for investment because they have large remaining oil and gas reserves and the U.S. is generally a good place to do business compared to many other countries with comparable oil and gas resources. Multiple studies completed as early as 1994 and as recently as June 2007 indicate that the U.S. government take in the Gulf of Mexico is lower than that of most other fiscal systems. For example, data GAO evaluated from a June 2007 industry consulting firm report indicated that the government take in the deep water U.S. Gulf of Mexico ranked 93rd lowest of 104 oil and gas fiscal systems evaluated. Generally, other measures indicate that the United States is an attractive target for oil and gas investment. The lack of price flexibility in royalty rates -- automatic adjustment of these rates to changes in oil and gas prices or other market conditions -- and the inability to change fiscal terms on existing leases have put pressure on Interior and the Congress to change royalty rates in the past on an ad hoc basis with consequences that could amount to billions of dollars of foregone revenue. For example, royalty relief granted on leases issued in the deep water areas of the Gulf of Mexico between 1996 and 2000 -- a period when oil and gas prices and industry profits were much lower than they are today -- could cost the federal government between $21 billion and $53 billion, depending on the outcome of ongoing litigation challenging the authority of Interior to place price thresholds that would remove the royalty relief offered on certain leases. Further, royalty rate increases in 2007 are expected to generate modest increases in federal revenues from future leases offered in the Gulf of Mexico. However, in choosing to increase royalty rates, Interior did not evaluate the entire oil and gas fiscal system to determine whether or not these increases strike the proper balance between the attractiveness of federal leases for investment and appropriate returns to the federal government for oil and gas resources. Interior does not routinely evaluate the federal oil and gas fiscal system, monitor what other governments or resource owners are receiving for their energy resources, or evaluate and compare the attractiveness of federal lands and waters for oil and gas investment with that of other oil and gas regions. As a result, Interior cannot assess whether or not there is a proper balance between the attractiveness of federal leases for investment and appropriate returns to the federal government for oil and gas resources. Specifically, Interior does not have procedures in place for evaluating the ranking of (1) the federal oil and gas fiscal system or (2) industry rates of return on federal leases against other resource owners. Interior also does not have the authority to alter tax components of the oil and gas fiscal system. All these factors are essential to inform decisions about whether or how to alter the federal oil and gas fiscal system in response to changing market conditions.
Download or read book The Deepwater Horizon Incident written by United States. Congress. House. Committee on Natural Resources. Subcommittee on Energy and Mineral Resources and published by . This book was released on 2010 with total page 128 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Reports Audits and Investigations by the Government Accountability Office GAO and the Office of Inspector General OIG Regarding the Department of the Interior written by United States. Congress. House. Committee on Natural Resources and published by . This book was released on 2007 with total page 100 pages. Available in PDF, EPUB and Kindle. Book excerpt:
