Federal Leasing and Disposal Policies: Hearing Before the Committee on Interior and Insular Affairs, United States Senate, Pursuant to S. Res. 45, a National Fuels and Energy Policy Study. Ninety-second Congress, Second Session ... June 19, 1972U.S. Government Printing Office, 1972 - 664 pages |
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Page 10
Does obtaining fair markets value from oil and gas leases result in maximization of Federal revenues ? d . From what point in time ( e.g. , time of lease , or of production ) is fair market value estimated ? e .
Does obtaining fair markets value from oil and gas leases result in maximization of Federal revenues ? d . From what point in time ( e.g. , time of lease , or of production ) is fair market value estimated ? e .
Page 22
There may be some merit in providing for longer primary terms in new areas , that , because of adverse weather conditions , such as in the Gulf of Alaska , result in short field seasons . Although the current sizes of lease tracts for ...
There may be some merit in providing for longer primary terms in new areas , that , because of adverse weather conditions , such as in the Gulf of Alaska , result in short field seasons . Although the current sizes of lease tracts for ...
Page 23
The net result was a low holding cost . The newer terms and conditions will specify high escalating rentals , and minimum production requirements are again under consideration . ( c ) The new coal lease minimum production requirements ...
The net result was a low holding cost . The newer terms and conditions will specify high escalating rentals , and minimum production requirements are again under consideration . ( c ) The new coal lease minimum production requirements ...
Page 26
The option of lease termination at various exploration or development phases also results in a degree of risk sharing by ... There is the possibility that deferred payment and risk sharing factors could result in higher bids than might ...
The option of lease termination at various exploration or development phases also results in a degree of risk sharing by ... There is the possibility that deferred payment and risk sharing factors could result in higher bids than might ...
Page 27
A deferred bonus system probably would have similar results since there still would be a substantial initial investment ... Royalty bidding also could result in marginal operators getting in beyond their capabilities with disastrous ...
A deferred bonus system probably would have similar results since there still would be a substantial initial investment ... Royalty bidding also could result in marginal operators getting in beyond their capabilities with disastrous ...
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Common terms and phrases
acreage action activities additional administrative agencies alternative amount Answer applicable areas associated authority bidding bonus Bureau cash claims coal coastal Committee companies competitive concerning consideration considered cost countries Department determine Draft drilling economic effect energy resources environment environmental established estimated evaluation existing exploration extent fair market value Federal future Geological Government impact important increase industry interest Interior issued jurisdiction lease sales less limited major ment Mineral Leasing mining natural objectives oceans Office offshore oil and gas operations Outer Continental Shelf percent permit possible potential prepared present problems procedures production proposed protection public lands Question reasonable regarding Region regulations reserves respect responsible result royalty Seabeds Secretary Senator sources statement supply supra tion tracts United uranium
Popular passages
Page 408 - The drawing of such baselines must not depart to any appreciable extent from the general direction of the coast, and the sea areas lying within the lines must be sufficiently closely linked to the land domain to be subject to the regime of internal waters.
Page 372 - outer Continental Shelf" means all submerged lands lying seaward and outside of the area of lands beneath navigable waters...
Page 394 - ... a broad range of related issues including those concerning the regimes of the high seas, the continental shelf, the territorial sea (including the question of its breadth and the question of international straits) and contiguous zone, fishing and conservation of the living resources of the high seas (including the question of the preferential rights of coastal States), the preservation of the marine environment (including, inter alia, the prevention of pollution) and scientific research; 3.
Page 166 - State, and local agencies, which are authorized to develop and enforce environmental standards, shall be made available to the President, the Council on Environmental Quality and to the public as provided by section 552 of title 5. United States Code, and shall accompany the proposal through the existing agency review processes...
Page 151 - Code, and shall accompany the proposal through the existing agency review processes; (D) study, develop, and describe appropriate alternatives to recommended courses of action in any proposal which involves unresolved conflicts concerning alternative uses of available resources...
Page 391 - The seabed and ocean floor, and the subsoil thereof, beyond the limits of national jurisdiction, as well as the resources of the area, are the common heritage of mankind.
Page 153 - Administrator determines that any such legislation, action, or regulation is unsatisfactory from the standpoint of public health or welfare or environmental quality, he shall publish his determination and the matter shall be referred to the Council on Environmental Quality.
Page 416 - ... ship" means: a) any sea-going vessel of any type whatsoever, and b) any floating craft with the exception of an installation or device engaged in the exploration and exploitation of the resources of the sea-bed and the ocean floor and the subsoil thereof; 3. "oil" means crude oil, fuel oil, diesel oil and lubricating oil; 4.
Page 117 - All oil and gas leases shall be for a term of 5 years and so long thereafter as oil or gas may be produced from the leased area in paying quantities or drilling or well reworking operations, as approved by the Secretary, are conducted thereon.
Page 394 - a conference on the law of the sea which would deal with the establishment of an equitable international regime — including an international machinery — for the area and the resources of the sea-bed and the ocean floor, and the subsoil thereof, beyond the limits of national jurisdiction...
Bibliographic information
| Title | Federal Leasing and Disposal Policies: Hearing Before the Committee on Interior and Insular Affairs, United States Senate, Pursuant to S. Res. 45, a National Fuels and Energy Policy Study. Ninety-second Congress, Second Session ... June 19, 1972 |
| Author | United States. Congress. Senate. Committee on Interior and Insular Affairs |
| Publisher | U.S. Government Printing Office, 1972 |
| Original from | the Library of Congress |
| Digitized | 6 Sep 2006 |
| Length | 664 pages |
| Export Citation | BiBTeX EndNote RefMan |