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EMD-80-79 1 (1980-06-02)

handle is hein.gao/gaobabarj0001 and id is 1 raw text is: 112S COMPTROLLER GENERAL OF THE UNITED STATES WASHINGTON. D.C. 20548 B-198902 JUNE 2, 1980 The Honorable Mark 0. Hatfield Ranking Minority Member Committee on Energy and Natural Resources United States Senate The Honorable Wendell H. Ford Chairman, Subcommittee on Energy and Materials Production -Committee on Energy and Natural Resources United States Senate Illi 8 iii iii 112589 Subject: rIact of &n All Competitive Onshore Oil and Gas Leasing SystemJ(EMD-80-79) On May 1, 1980, you asked the General Accounting Office to evaluate Amendment no. 1684 to Senate bill 1637, 96th Congress. 1/ As you suggested, our prior work on onshore oil and gas leasing 2/ does enable us to respond to your request. The key issue surrounding Amendment 1684 is that it abolishes the current competitive and noncompetitive leasing systems, and establishes a new all competitive leasing system in their place. Consistent with the direction of your request, we did not evaluate all the positive and negative issues touched on by the Amendment. We, instead, are directing our comments here to the all competitive leasing aspect. The Department of the Interior's mineral management has involved the balancing of three goals for a leasing system--(l) orderly and timely development of the resource, (2) recovery of fair market value, and (3) protection of the environment. I/Amendment 1684, with one modification, was adopted and reported out of the Senate Committee on Energy and Natural Resources on 4ay 8, 1980 as a substitute text for S. 1637. To avoid confusion with the legislation originally introduced as S. 1637, we are retaining the term Amendment 1684 for purposes of this letter. The bill, as reported out of the Committee, is reprinted here as an enclosure. 2/Onshore Oil and Gas Leasing--Who Wins the Lottery? EMD-79-41, Apr. 13, 1979, and Impact of LMaking The Onshore Oil and Gas Leasing System More Competitive, EMD-80-60, March 14, 1980. (008952)

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