Mineral resources: Timely processing can increase rent revenue from certain oil/gas leases

Technical Report · Thu Jan 01 00:00:00 EST 1987

OSTI ID:5086093

Federal regulations require that onshore oil and gas leases that are subsequently determined to overlie a known geologic structure are to have their rental rates increased. The Bureau of Land Management does not have internal controls that ensure that such rental increases are processed consistently and in a timely manner. Although BLM'S state offices in Colorado and Wyoming generally increased rental rates for leases determined to overlie known geologic structures, these increases were not made in a timely manner during calendar years 1984 and 1985. These delays resulted in lost revenue of $552,614. There were also a few instances in the two states in which the rental rates had not been increased at all, causing an additional revenue loss of at least $15,123.

• Research Organization: General Accounting Office, Washington, DC (USA)
• OSTI ID: 5086093
• Report Number(s): GAO/RCED-87-98
• Country of Publication: United States
• Language: English

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