About | HeinOnline Law Journal Library | HeinOnline Law Journal Library | HeinOnline
LOG IN
LOG IN

EMD-82-124 1 (1982-09-03)

handle is hein.gao/gaobabdpx0001 and id is 1 raw text is: 15Y l~e Uffice ot BY THE U.S GENERAL ACCOUNTING OFF CE Report To The Subcommittee On Oversight And Investigations, Committee On Interior And Insular Affairs, House Of Representatives Possible Effects Of Increased Royalty Rate For Federal Onshore Oil And Gas Leases The Commission on Fiscal Accountability of the Nation's Energy Resources recently recommended increasing the current 1 2-1/2 percent onshore Federal oil and gas royalty rate. By the year 2000, a 16-2/3 percent royalty rate for Federal onshore noncompetitive oil and gas leases could be generating additional annual revenues of from $300 million to $1.2 billion. However, uncertainty surrounds these projections be- cause of the assumptions involved in their preparation, and other factors that could influence their realization. Oil and gas leases negotiated in the private sector usually have a 12-1/2 percent royalty rate, but leases on state and Indian lands tend to have a higher rate. There is also some evidence of a trend toward higher rates. However, different leasing systems and provisions make a direct comparison difficult. , C ID Sr~ I M~ U119429 GAO/EMD-82-124 lCCou \ 1-- SEPTEMBER 3, 1982

What Is HeinOnline?

HeinOnline is a subscription-based resource containing thousands of academic and legal journals from inception; complete coverage of government documents such as U.S. Statutes at Large, U.S. Code, Federal Register, Code of Federal Regulations, U.S. Reports, and much more. Documents are image-based, fully searchable PDFs with the authority of print combined with the accessibility of a user-friendly and powerful database. For more information, request a quote or trial for your organization below.



Contact us for annual subscription options:

Contact Us

Already a HeinOnline Subscriber?

Log In

profiles profiles most