Oil- and gas-royalty recovery policy on federal and Indian lands: a response

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

OSTI ID:5865621

Sant, D T; Haspel, A E; Boldt, R E

The Department of the Interior is responsible for the management of minerals on all federal lands. It issues leases for the right to extract certain minerals and collects royalties on the production from those leases. The real costs of improved royalty management are not great, potentially amounting to about 2.75 million barrels of oil. Indirect costs are basically nonexistent. Revenue generated by improved royalty management should greatly exceed the costs incurred to improve the management. Apparently, even more revenue could be generated by some other means given the same inputs. For example, if the Internal Revenue Service were given these inputs, more revenue could probably be generated by the government. Consequently, it appears that the real benefits as well as the revenues generated exceed the costs of improving royalty management. This is a response to an article of the same title by Davis et al. in the same issue of this journal.

• Research Organization: Dept. of the Interior, Washington, DC
• OSTI ID: 5865621
• 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
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29 ENERGY PLANNING, POLICY, AND ECONOMY
294002* -- Energy Planning & Policy-- Petroleum
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GOVERNMENT POLICIES
INCOME
INDIAN RESERVATIONS
LEASES
MANAGEMENT
MINERAL RESOURCES
PROGRAM MANAGEMENT
PUBLIC LANDS
RESOURCES
ROYALTIES