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B-178205 1 (1974-07-12)

handle is hein.gao/gaobaaefg0001 and id is 1 raw text is: • ,\1 .... . , ...J COMPi-OLLER A NCRAL OF THL MLJITLD STAIT_'J ), WASINIGTON, D.C. Z0548 B-178205 RELEASED JUL 12 1974 The Honorable William V. Roth ci g.>United States Senate Dear Senator Roth: As you requested on March 11, 1974, and as your office later agreed, we are furnishing (1) data on the provisions in the Depart- ment of the Interior's current regulations and leases requiring 3 development of oil and gas leases within a certain time frame and production by the lessee and (2) overall oil and gas statistics for onshore and offshore public lands on the numrer and acres of pro- ducing and nonproducing leases as of December 31, 1972, and the royalties, rentals, and bonuses collected during fiscal year 1973. We are furnishing separately a listing, prepared by the Depart- , ment's Geological Survey, of all leases that produced in calendar year 1973 and sho','ing the oil and gas produced by each in that period. You also reqestc d a copy of a study being made by Survey on the number of shut-in oil and gas w.ells on public lands, including the reasons for the shut-ins. As soon as Survey co:pletes tI.2 study, we will send you a cop,,. LEASE DEVELOPNIENT AND PRODUCTIO11 PROV ISIONS The primary statutory authorities for leasing public lands to produce oil and gas are the Outer Continental Shelf Lands Act (43 U.S.C. 1331, 67 Stat. 463) and the Mineral Lands Leasing Act (30 U.S.C. 181, 41 Stat. 437). The Department, according to this legis- lation, has issued regulations for leasing on the Outer Continental Shelf (OCS) in 30 CFR 250 and 43 CFR 3300 and for leasing on onshore public lands in 43 CFR 3100, 3110, and 3120. OCS leases All oil and gas leases on OCS are issued on a competitive basis. The lease the Department uses provides a lease term of 5 years and as long thereafter as oil and gas are produced in paying quantities or as long as drilling or well-reworking operations, as approved by the Secretary of the Interior, are carried on. The lease is silent about production of any minimum amount of oil or gas.

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