Naval petroleum reserves: Preliminary analysis of future net revenues from Elk Hills production

Technical Report · Wed Jan 01 00:00:00 EST 1986

OSTI ID:6129969

This is an interim report on the present value of the net revenues from Elk Hills Naval Petroleum Reserve. GAO calculated alternative present values of the net revenues applying (1) low, medium, and high forecasts of future crude oil prices and (2) alternative interest rates for discounting the future net revenues to their present values. The calculations are sensitive to both the oil price forecasts and discount rates used; they are preliminary and should be used with caution. They do not take into account possible added tax revenues collected by the government if Elk Hills were sold nor varying production levels and practices, which could either increase or decrease the total amount of oil that can be extracted.

• Research Organization: General Accounting Office, Washington, DC (USA)
• OSTI ID: 6129969
• Report Number(s): GAO/RCED-86-169BR
• Country of Publication: United States
• Language: English

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02 PETROLEUM
29 ENERGY PLANNING
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NAVAL PETROLEUM RESERVE
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CAPITAL
ECONOMICS
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INTEREST RATE
INVENTORIES
PETROLEUM
PETROLEUM INDUSTRY
PRICES
PROFITS
TAXES
US GAO
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