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RCED-83-30 1 (1982-12-20)

handle is hein.gao/gaobabduz0001 and id is 1 raw text is: FIEITUIC-Tto - no -t4?U -, - W A Accounting O)fticet*R ,9 9 b)y the office af C 4 #rF. ! q!q ayAL (L f, 1[ <I ir RELEASED-c,3 -1 F_ FI(7 rL Report To The Subcommittee On Environment, Energy, And Natural Resources Committee On Government Operations House Of Representatives Interior Should Continue Use Of Higher Royalty Rates For Offshore Oil And Gas Leases Over the past few years, State govern- ments, and in a few cases the Interior Department, have increased the royalty rate for offshore oil and gas production. GAO examined the basis for Interior's traditional use of a 16-2/3 percent royalty rate, the results of Interior's and States' leasing expe- riences in using higher royalties, and the implications of using higher royalty rates for Federal offshore leasing. GAO believes that increased royalties, on a selective basis, appear appropriate and sup- ports continued use of higher royalty rates by the Interior Department in leasing off- shore lands. 120387 I ', ' Sf11 ('(.( t H /\ GAO/RCED-83-30 DECEMBER 20, 1982

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