Natural gas (11 - 20 of 39 items)
Meeting the Energy Challenges of the 1990s: Experts Define the Key Policy Issues
RCED-91-66: Published: Mar 1, 1991. Publicly Released: Mar 1, 1991.
GAO reported on a conference it sponsored to examine emerging energy policy issues, focusing on: (1) energy supply and demand; (2) energy and the environment; (3) management challenges at the Department of Energy (DOE); (4) the DOE nuclear weapons complex; and (5) energy research and development.GAO noted that: (1) a panel on the balancing energy supply and demand discussed securing sufficient and...
Naval Petroleum Reserve No. 1: Work Still Needed to Improve Accuracy of Reserve Estimates
RCED-90-16: Published: Dec 13, 1989. Publicly Released: Feb 1, 1990.
Pursuant to a congressional request, GAO reviewed a Department of Energy (DOE) contractor's reserve data revisions for Naval Petroleum Reserve Number 1, an oil field jointly owned by the federal government and an oil company.GAO found that: (1) the revised data was inaccurate and outdated because the contractor was unable to conduct technical field analyses within the contract period; (2) the cont...
Naval Petroleum Reserve No. 1: Efforts to Sell the Reserve
RCED-88-198: Published: Jul 28, 1988. Publicly Released: Jul 28, 1988.
In response to a congressional request, GAO reviewed the proposed sale of the Elk Hills, California, Naval Petroleum Reserve No. 1 (NPR-1), specifically the: (1) chronological events leading to and following sale proposals; (2) proposals to produce and sell NPR-1 oil and gas production for nonmilitary use; and (3) Department of Energy's (DOE) 1987 divestiture report.GAO found that: (1) Congress mu...
Offshore Oil and Gas Resources: Differences in Estimates by Interior and Industry for Offshore California
RCED-86-179BR: Published: Jul 10, 1986. Publicly Released: Jul 21, 1986.
Pursuant to a congressional request, GAO examined the procedures and assumptions the Department of the Interior and the petroleum industry used to develop estimates of offshore oil and gas resources in federal lands off California.GAO found that: (1) the department's Minerals Management Service (MMS) uses a computer model to estimate the potential volume and value of offshore energy resources in a...
Naval Petroleum Reserves: Preliminary Analysis of Future Net Revenues From Elk Hills Production
RCED-86-169BR: Published: Jun 5, 1986. Publicly Released: Jun 9, 1986.
Pursuant to a congressional request, GAO analyzed the proposed sale of the federal interest in the Elk Hills Naval Petroleum Reserve, focusing on: (1) the present value of net revenues from Elk Hills production; and (2) the effects on Elk Hills revenues of possible variations in crude oil prices and the Treasury discount rate.GAO found that: (1) Elk Hills revenues would range from $1.8 billion to...
Naval Petroleum Reserves: Sales Procedures and Prices Received for Elk Hills Oil
RCED-86-163FS: Published: May 9, 1986. Publicly Released: May 9, 1986.
In response to a congressional request, GAO reported on the Department of Energy's (DOE) oil sales from the Elk Hills Naval Petroleum Reserve (NPR-1) at apparently unreasonably low prices.GAO found that: (1) from October 1, 1985 to April 1, 1986, DOE sold about 86,000 barrels of oil per day from NPR-1; (2) from the start of that period through the first week of February 1986, posted crude oil pric...
Production of Naval Petroleum Reserve No. 1
125323: Oct 3, 1984
GAO presented its findings concerning the options for the Elk Hills Naval Petroleum Reserve No. 1 (NPR-1), which are: (1) continued production at the maximum efficient rate (MER); (2) a near total shut-in; (3) a partial shut-in; or (4) continued production using the revenues generated to establish a defense petroleum reserve (DPR). GAO found that, under continued production at the MER, NPR-1 would...
Naval Petroleum Reserve No. 1--An Assessment of Production Alternatives
RCED-84-180: Published: Jul 30, 1984. Publicly Released: Aug 14, 1984.
Pursuant to a congressional request, GAO addressed geologic, national security, budgetary, and local economic factors that may influence three alternatives to the current oil production approach used for Naval Petroleum Reserve No. 1 (NPR-1) beyond 1985. The options include: continued production, shut-in, and partial shut-in. GAO also discussed the advantages and disadvantages of establishing a De...
Status of Strategic Petroleum Reserve Activities as of March 31, 1984
RCED-84-148: Published: Apr 13, 1984. Publicly Released: Apr 13, 1984.
In response to a congressional request, GAO reported on the Department of Energy's (DOE) progress in filling the Strategic Petroleum Reserve (SPR) and in complying with the requirements of applicable law during the second quarter of fiscal year (FY) 1984.During the quarter, the administration released its FY 1985 budget proposal which requested funds to: (1) fill the SPR at a rate of 145,000 barre...
Natural Gas Profit Data
RCED-84-3: Published: Mar 1, 1984. Publicly Released: Mar 8, 1984.
Pursuant to a congressional request, GAO studied the profitability of natural gas production under the Natural Gas Policy Act of 1978.GAO observed that the federal agencies and trade associations which it contacted do not collect data that show profits earned through natural gas production activities. Natural gas and oil expense data are combined because producers incur common expenses during expl...