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EMD-82-82 1 (1982-08-23)

handle is hein.gao/gaobabdou0001 and id is 1 raw text is: 



REPORT BY THE U. S.

General Accounting Office








Are Leaseholders Adequately Exploring For

Oil And Gas On Federal Lands?




Changes to the onshore oil and gas leasing
system are periodically proposed based on
perceived inadequacies of leaseholder activ-
ity. This report provides data, previously
lacking, concerning the diligence of indus-
try operations and the speculator's impact
on lease development.

GAO found that

  --development efforts are directed at
    lands with the best potential and little
    additional production would be gained
    by requiring greater industry activity
    on Federal lands and

  --speculators have a mixed effect on
    development and the impact on reve-
    nues and production from attempts to
    eliminate them is uncertain.

The Department of the Interior should con-
tinue its efforts to speed up lease develop-
ment by eliminating unnecessary leasing
related delays.





    41    S  .                                                 1119291



                                                              GAO/EMD-28
                                                              AUGUST 23,1982

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