Implications of the Department of Interior's August lease sale schedule on future offshore production. [Monograph]

Book · Sun Jan 01 04:00:00 EST 1978

OSTI ID:6868122

In August 1977 the U.S. Department of the Interior issued a revised comprehensive four-year schedule of outer continental shelf (OCS) lease sales anticipated through 1981. Although OCS leasing in the Gulf of Mexico remained almost unchanged in the August schedule, Atlantic OCS leases were delayed an average of one year, and Pacific leases were delayed an average of 22 months. There has been concern with the effects these delays may have on offshore gas production in the future. Given DOI's August lease sale schedule, this analysis evaluates potential future Lower-48 OCS gas production levels under possible House-Senate compromise new gas pricing, and under conditions of full to less-than-full implementation of the DOI August lease sale schedule. Failure to meet the August Schedule would have serious adverse consequences for future Lower-48 OCS gas production--the loss of one sale annually could cut expected 1990 OCS gas production from 6.1 Tcf/yr down to 4.7 Tcf/yr.

• OSTI ID: 6868122
• 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
ATLANTIC OCEAN
CARIBBEAN SEA
CONTINENTAL SHELF
DRILLING
ENERGY SOURCES
FLUIDS
FOSSIL FUELS
FUEL GAS
FUELS
GAS FUELS
GASES
GEOLOGIC DEPOSITS
GULF OF MEXICO
LEASES
LEASING
NATURAL GAS
NATURAL GAS DEPOSITS
NORTH AMERICA
OFFSHORE DRILLING
OFFSHORE SITES
PACIFIC OCEAN
PRODUCTION
RESOURCES
SEAS
SURFACE WATERS
USA