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 |
From inside the book
Results 6-10 of 78
Page 22
... cash bonus bidding and fixed royalty have provided sufficient incen- tive for early exploration and development of leases . The large cash bonuses that companies pay represent immediate , sunk , costs that stimulate early exploration ...
... cash bonus bidding and fixed royalty have provided sufficient incen- tive for early exploration and development of leases . The large cash bonuses that companies pay represent immediate , sunk , costs that stimulate early exploration ...
Page 24
... cash bonus bidding for OCS leases is believed to provide a substantial safeguard for ob- taining fair market value by the Government for offshore leases . The receipt of fair market value is one of the principal objectives of all ...
... cash bonus bidding for OCS leases is believed to provide a substantial safeguard for ob- taining fair market value by the Government for offshore leases . The receipt of fair market value is one of the principal objectives of all ...
Page 25
... cash bonus bid - fixed royalty system ; ( 2 ) deferred bonus bid- fixed royalty system , payments of one - third of the bonus bid suc- cessively upon aware of lease , discovery , and production ; and ( 3 ) fixed bonus - royalty bid ...
... cash bonus bid - fixed royalty system ; ( 2 ) deferred bonus bid- fixed royalty system , payments of one - third of the bonus bid suc- cessively upon aware of lease , discovery , and production ; and ( 3 ) fixed bonus - royalty bid ...
Page 26
... cash bonus system . The scheduling of installment bonus payments reduces the amount of initial capital requirement . The option of lease termi- nation at various exploration or development phases also results in a degree of risk sharing ...
... cash bonus system . The scheduling of installment bonus payments reduces the amount of initial capital requirement . The option of lease termi- nation at various exploration or development phases also results in a degree of risk sharing ...
Page 27
... cash bonus system could be conducive to earlier production and / or greater and longer total production . Development might occur nearly as rapidly under royalty bidding where the firm needs the additional production , however , the ...
... cash bonus system could be conducive to earlier production and / or greater and longer total production . Development might occur nearly as rapidly under royalty bidding where the firm needs the additional production , however , the ...
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Common terms and phrases
acreage acres action activities administrative agencies Alaska alternative Answer areas authority barrel bidding system bonus bidding cash bonus coal leases coastal Committee cost Department's Draft Convention drilling economic energy resources environment environmental impact environmental statement estimated exploration and development fair market value federal leases Fisheries gas leases Geological Survey geothermal Gulf of Alaska impact statements industry issued jurisdiction land reclamation Lands Act lease sales leasing and disposal legislation lessee LOESCH Louisiana major ment Mineral Leasing Act natural gas OCEANS POLICY OCS Lands OCS leasing Office offshore oil and gas oil shale onshore operations Outer Continental Shelf payments percent petroleum Policy Act pollution potential procedures production proposed prospecting permits public lands Question Region regulations reserves responsibility revenue royalty bidding schedule Secretary Senator supply supra tar sands territorial sea tion tracts U.N. Doc U.S. Geological Survey U.S. Senate uranium zone
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...