Management of and plans for the Naval petroleum reserves

Book · Thu Jan 01 04:00:00 EST 1976

OSTI ID:7153334

By law the Navy has had custody of Federal lands containing huge reserves of petroleum and thousands of acres of oil shale. Traditionally these were held for national defense. The Navy was responsible for managing the following reserves: No. 1, Elk Hills, California--proven reserves estimated at 1 billion barrels; No. 2, Buena Vista, California--nearly depleted; No. 3, Teapot Dome, Wyoming--proven reserves estimated at 40 million barrels; No. 4, North Slope, Alaska--not explored, but expected to contain far more than No. 1; and oil shale reserves Nos. 1 and 3, Colorado; and No. 2, Utah. In April 1976 the Naval Petroleum Reserves Production Act of 1976 was enacted. The law basically provides for (1) transferring the management responsibility for Naval Petroleum Reserve No. 4 to the Department of the Interior on June 1, 1977 and (2) retaining with the Navy management responsibility for petroleum reserves Nos. 1, 2, and 3 and increasing production from these reserves for a 6-year period. The production period could be extended with approval of the Congress.

• OSTI ID: 7153334
• Country of Publication: United States
• Language: English

Related Subjects

02 PETROLEUM
020100 -- Petroleum-- Reserves-- (-1989)
04 OIL SHALES AND TAR SANDS
040100 -- Oil Shales & Tar Sands-- Reserves & Exploration-- (-1989)
29 ENERGY PLANNING, POLICY, AND ECONOMY
294002* -- Energy Planning & Policy-- Petroleum
294004 -- Energy Planning & Policy-- Oil Shales & Tar Sands
DOCUMENT TYPES
EXPLORATION
GEOLOGIC DEPOSITS
GOVERNMENT POLICIES
INVENTORIES
LAWS
LEGISLATION
MAINTENANCE
MANAGEMENT
NORTH AMERICA
OIL SHALE DEPOSITS
PETROLEUM DEPOSITS
PETROLEUM PRODUCTS
PLANNING
REGULATIONS
RESERVES
RESOURCES
REVIEWS
USA