Interior should continue use of higher royalty rates for offshore oil and gas leases

Technical Report · Mon Dec 20 04:00:00 EST 1982

OSTI ID:5442335

Over the past few years, State governments, and in a few cases the Interior Department, have increased the royalty rate for offshore oil and gas production. GAO examined the basis for Interior's traditional use of a 16-2/3 percent royalty rate, the results of Interior's and States' leasing experiences in using higher royalties, and the implications of using higher royalty rates for Federal offshore leasing. GAO believes that increased royalties, on a selective basis, appear appropriate and supports continued use of higher royalty rates by the Interior Department in leasing offshore lands.

• Research Organization: General Accounting Office, Washington, DC (USA). Resources, Community and Economic Development Div.
• OSTI ID: 5442335
• Report Number(s): GAO/RCED-83-30; ON: DE84900566
• Country of Publication: United States
• Language: English

Related Subjects

29 ENERGY PLANNING, POLICY, AND ECONOMY
290200 -- Energy Planning & Policy-- Economics & Sociology
294002* -- Energy Planning & Policy-- Petroleum
294003 -- Energy Planning & Policy-- Natural Gas
CONTINENTAL MARGIN
CONTINENTAL SHELF
GEOLOGIC DEPOSITS
INCOME
LEASES
MINERAL RESOURCES
NATIONAL ORGANIZATIONS
NATURAL GAS DEPOSITS
OFFSHORE SITES
PETROLEUM DEPOSITS
RESOURCES
ROYALTIES
US DOI
US ORGANIZATIONS