Some issues affecting Southern California Outer Continental Shelf oil and gas lease Sale 48

Technical Report · Mon May 05 04:00:00 EDT 1980

DOI:https://doi.org/10.2172/5328392· OSTI ID:5328392

Staats, E. B.

This report discusses the value and effect of the Interior Department's Outer Continental Shelf Environmental Studies Program on decisions leading up to leasing 148 Outer Continental Shelf tracts in Southern California. It also discusses the usefulness of resource reports submitted by various Federal agencies in defining the sale area. GAO's review indicated that neither the Environmental Studies Program nor the resource reports had a major impact on Sale 48 decisions. Industry high bids for the sale tracts were 20 times greater than Interior value estimates, again creating concern as to Interior's ability to evaluate Outer Continental Shelf lands. An alternate bidding system - bonus bid with a sliding scale royalty - was used for half the tracts offered in Sale 48 to increase competition and small company participation in the sale. The bidding results indicate that the sliding scale alternative did not provide the hoped for results.

• Research Organization: General Accounting Office, Washington, DC (USA)
• OSTI ID: 5328392
• Report Number(s): EMD-80-47
• Country of Publication: United States
• Language: English

Related Subjects

02 PETROLEUM
020700* -- Petroleum-- Economics
Industrial
& Business Aspects
03 NATURAL GAS
030600 -- Natural Gas-- Economic
Industrial
& Business Aspects
BIDS
CALIFORNIA
CONTINENTAL MARGIN
CONTINENTAL SHELF
DECISION MAKING
ENVIRONMENTAL IMPACTS
ERRORS
EVALUATION
GEOLOGIC DEPOSITS
LEASING
NATIONAL ORGANIZATIONS
NATURAL GAS DEPOSITS
NORTH AMERICA
PETROLEUM DEPOSITS
RESOURCE POTENTIAL
RESOURCES
US DOE
US ORGANIZATIONS
USA
WESTERN REGION