Oil and gas royalty-recovery policy on federal and Indian lands

Journal Article · Fri Apr 01 04:00:00 EST 1983 · Nat. Resour. J.; (United States)

OSTI ID:5755321

Davis, R; Wilen, J E; Jergovic, R

Government income from oil and gas production on federal and Indian lands has increased dramatically in recent years. However, insufficient attention has been paid to the benefits and, more particularly, to the costs of reforming the nation's minerals management system. The best evidence suggests that revenue losses are generally less than 2% of successfully collected royalties each year. The direct increases in the Department of the Interior's outlays for improved royalty management could be between $38 to 63 million each year. This is about one to two percent of successfully collected annual royalties. Net benefits of proposed management reforms are probably negative and harm to the public welfare may occur. On the other hand, any revenue losses are significant from a local perspective. States and Indian tribes deserve prompt, accurate, and complete payment of royalties. 5 tables.

• Research Organization: Univ. of California, Davis
• OSTI ID: 5755321
• Journal Information: Nat. Resour. J.; (United States), Journal Name: Nat. Resour. J.; (United States) Vol. 23:2; ISSN NRJOA
• 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
29 ENERGY PLANNING, POLICY, AND ECONOMY
294002* -- Energy Planning & Policy-- Petroleum
294003 -- Energy Planning & Policy-- Natural Gas
GOVERNMENT POLICIES
INCOME
INDIAN RESERVATIONS
MANAGEMENT
PROGRAM MANAGEMENT
RESOURCE DEVELOPMENT
ROYALTIES