"The seven regions analyzed in this report accounted for 95% of domestic oil production growth and all domestic natural gas production growth during 2011-13..."
Energy production
Showing posts with label oil_production. Show all posts
Showing posts with label oil_production. Show all posts
Wednesday, July 15, 2015
Friday, April 15, 2011
Friday, September 19, 2008
Possible Federal Revenue Estimates From Oil and Gas Production in Areas Currently Off-Limits (under leasing moratoria or inaccessible)
"The federal government currently collects revenues from oil and gas leases on
public lands in the form of bonus bids, annual rents, and royalties. Bonus bids
are upfront payments made to secure a lease in a competitive lease sale. Leases
are awarded to the highest bidder. Royalties are based on the value of production. Annual rental payments are made by lessees on a per acre basis. Once commercial production begins, rental payments are no longer required. The primary lease term for onshore leases is ten years. For offshore leases the primary term is 5 years
for shallow water (<400 meters), 8 years for mid-depth water (400-800 meters) and
10 years for deep water (>800 meters). Leases continue as long as commercial production takes place. The Bureau of Land Management (BLM) administers the onshore leasing program and the Minerals Management Service (MMS) administers the offshore leasing program. The MMS collects and disburses all revenues from federal leases.
The MMS and BLM are agencies within the Department of the Interior."
"The federal government currently collects revenues from oil and gas leases on
public lands in the form of bonus bids, annual rents, and royalties. Bonus bids
are upfront payments made to secure a lease in a competitive lease sale. Leases
are awarded to the highest bidder. Royalties are based on the value of production. Annual rental payments are made by lessees on a per acre basis. Once commercial production begins, rental payments are no longer required. The primary lease term for onshore leases is ten years. For offshore leases the primary term is 5 years
for shallow water (<400 meters), 8 years for mid-depth water (400-800 meters) and
10 years for deep water (>800 meters). Leases continue as long as commercial production takes place. The Bureau of Land Management (BLM) administers the onshore leasing program and the Minerals Management Service (MMS) administers the offshore leasing program. The MMS collects and disburses all revenues from federal leases.
The MMS and BLM are agencies within the Department of the Interior."
Thursday, June 19, 2008
Fact Sheet: Reducing Gas Prices and Foreign Oil Dependence
"Today, President Bush called on Congress to help American families by removing barriers to domestic production of oil and gasoline. For many Americans, there is no more pressing concern than high gasoline prices. Behind them is the basic law of supply and demand. In recent years, the world's demand for oil has grown dramatically. Meanwhile, the supply of oil has grown much more slowly. As a result, oil prices have risen sharply, and that increase has been reflected at American gas pumps. And now much of the oil consumed in America comes from abroad, including from unstable regions and unfriendly regimes. The Bush Administration has repeatedly called on Congress to expand domestic oil production. Unfortunately, Congressional Democrats have rejected virtually every proposal. Now, Americans are paying the price at the pump for this obstruction..."
"Today, President Bush called on Congress to help American families by removing barriers to domestic production of oil and gasoline. For many Americans, there is no more pressing concern than high gasoline prices. Behind them is the basic law of supply and demand. In recent years, the world's demand for oil has grown dramatically. Meanwhile, the supply of oil has grown much more slowly. As a result, oil prices have risen sharply, and that increase has been reflected at American gas pumps. And now much of the oil consumed in America comes from abroad, including from unstable regions and unfriendly regimes. The Bush Administration has repeatedly called on Congress to expand domestic oil production. Unfortunately, Congressional Democrats have rejected virtually every proposal. Now, Americans are paying the price at the pump for this obstruction..."
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