United States Government Publishing Office
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pbl
distributor
dst
United States
Government Accountability Office
author
aut
Government Organization
text
government publication
eng
GAOREPORTS
Legislative Agency Publications
gao
legislative
2010-08-12
U.S. Government Printing Office
2008-09-03
monographic
deposited
born digital
44 p.
GA 1.13:GAO-08-691
https://www.govinfo.gov/app/details/GAOREPORTS-GAO-08-691
P0b002ee180390c86
f:d08691
DGPO
2010-08-12
2011-03-28
GAOREPORTS-GAO-08-691
machine generated
eng
fdlp
REPORT
GAOREPORTS-GAO-08-691
GAO-08-691
Evaluation methods
Federal legislation
Financial analysis
Foreign investments in US
Gas leases
Gas resources
Intergovernmental fiscal relations
Land resources
Monitoring
Natural resource management
Natural resources
Oil leases
Oil resources
Performance measures
Petroleum industry
Policy evaluation
Rates
Revenue sharing
Royalty payments
Systems evaluation
Program evaluation
Financial management
Other Written Product
A83959
Oil and Gas Royalties: The Federal System for Collecting Oil and Gas Revenues Needs Comprehensive Reassessment
In fiscal year 2007, domestic and foreign companies received over
$75 billion from the sale of oil and gas produced from federal
lands and waters, according to the Department of the Interior
(Interior), and these companies paid the federal government about
$9 billion in royalties for this oil and gas production. The
government also collects other revenues in rents, taxes, and
other fees, and the sum of all revenues received is referred to
as the "government take." The terms and conditions under which
the government collects these revenues are referred to as the
"oil and gas fiscal system." This report (1) evaluates government
take and the attractiveness for investors of the federal oil and
gas fiscal system, (2) evaluates how the absence of flexibility
in this system has led to large foregone revenues from oil and
gas production on federal lands and waters, and (3) assesses what
Interior has done to monitor the performance and appropriateness
of the federal oil and gas fiscal system. To address these
issues, we reviewed expert studies and interviewed government and
industry officials.
https://www.govinfo.gov/content/pkg/GAOREPORTS-GAO-08-691/html/GAOREPORTS-GAO-08-691.htm
https://www.govinfo.gov/content/pkg/GAOREPORTS-GAO-08-691/pdf/GAOREPORTS-GAO-08-691.pdf
GAO-08-691
https://www.govinfo.gov/app/details/GAOREPORTS-GAO-08-691
Other Written Product
GAO-08-691; Oil and Gas Royalties: The Federal System for Collecting Oil and Gas Revenues Needs Comprehensive Reassessment;
Evaluation methods
Federal legislation
Financial analysis
Foreign investments in US
Gas leases
Gas resources
Intergovernmental fiscal relations
Land resources
Monitoring
Natural resource management
Natural resources
Oil leases
Oil resources
Performance measures
Petroleum industry
Policy evaluation
Rates
Revenue sharing
Royalty payments
Systems evaluation
Program evaluation
Financial management
United States Code
Title 30 Section 226
30 U.S.C. 226