Drilling for dollars: the federal oil-lease lottery program
The program for leasing federal lands for oil and gas drilling brought the federal government over $1 billion in revenues in 1983 from lands that are estimated to contain one-sixth of the country's undiscovered oil and gas resources. In a policy debate over the leasing program, all parties agree that leasing should occur, but differ in how it should be done. The author reviews the two systems followed for onshore leases: a lottery system for parcels with proven oil and gas reserves and a first-come first-served basis for other parcels. Policy debate over the years has focused on the loss of revenue from not using the lottery ticket sales for all leases and the need to increase competitive bidding. The author proposes a flexible multi-tier system that combines competitive and noncompetitive leasing in a way that will increase production and revenues.
- Research Organization:
- Dept. of the Interior, Washington, DC
- OSTI ID:
- 5199798
- Journal Information:
- Regulation; (United States), Journal Name: Regulation; (United States); ISSN REGUD
- Country of Publication:
- United States
- Language:
- English
Similar Records
Issues surrounding continuation of the noncompetitive oil and gas lottery system
H. R. 4741: a bill to establish competitive oil and gas leasing and modify leasing procedures for onshore Federal lands. Introduced in the House of Representatives, Ninety-Ninth Congress, Second Session, May 1, 1986
Related Subjects
020300* -- Petroleum-- Drilling & Production
03 NATURAL GAS
030300 -- Natural Gas-- Drilling
Production
& Processing
29 ENERGY PLANNING, POLICY, AND ECONOMY
290400 -- Energy Planning & Policy-- Energy Resources
294000 -- Energy Planning & Policy-- Fossil Fuels
BIDS
COMPETITION
DRILLING
ENERGY SOURCE DEVELOPMENT
GEOLOGIC DEPOSITS
GOVERNMENT POLICIES
LAND LEASING
LAND USE
LEASING
LEGAL ASPECTS
MINERAL RESOURCES
NATURAL GAS DEPOSITS
PETROLEUM DEPOSITS
PUBLIC LANDS
RESOURCES
WELL DRILLING