Royalty payments (31 - 40 of 42 items)
Oil and Gas Royalty Accounting--Improvements Have Been Initiated but Continued Emphasis Is Needed To Ensure Success
AFMD-82-55: Published: Apr 27, 1982. Publicly Released: May 5, 1982.
GAO was requested to evaluate the development of the new royalty system and to determine the extent to which it will improve the collection of royalties due from Federal and Indian lands.Royalty collections have increased rapidly in recent years, primarily because of substantial increases in oil and gas prices and, with oil prices decontrolled, this trend can be expected to continue. Historically,...
Federal Energy and Mineral Resources Act of 1982
118260: May 3, 1982
GAO testified on S. 2305, a bill to improve the accounting and control of revenues due from Federal and Indian lands. Several deficiencies in the collection system which GAO identified over 20 years ago still persist today, with large sums going uncollected each year. The proposed legislation and a new royalty accounting system should provide the foundation for resolving these longstanding financi...
Department of the Interior Organizational Effectiveness for Management of Federal Energy and Mineral Resources
117083: Dec 15, 1981
On several occasions, GAO has reported that hundreds of millions of dollars in royalties due from Federal Government and Indian leases are not being collected annually. Since 1959, GAO has been reporting on the need for major improvements in the U.S. Geological Survey's (USGS) oil and gas royalty accounting system. The Secretary of the Interior has established a Commission on Fiscal Accountability...
Oil and Gas Royalty Collections--Longstanding Problems Costing Millions
AFMD-82-6: Published: Oct 29, 1981. Publicly Released: Nov 4, 1981.
GAO reviewed the U.S. Geological Survey's (USGS) continued unsuccessful efforts to collect oil and gas royalties on federal and Indian lands and the serious impact of this problem on the collection of the windfall profit tax.Financial management problems in existence 20 years ago persist today because management has not focused on correcting reported deficiencies. As a result, USGS is not collecti...
Problems Confronting the Geological Survey in Collecting Oil and Gas Royalties
116987: Aug 27, 1981
GAO discussed its views on the U.S. Geological Survey's (USGS) oil and gas royalty accounting system, a system full of longstanding financial management problems. USGS is responsible for collecting the royalty income derived from oil and gas produced on Federal and Indian lands. In recent years, royalty collections have increased rapidly because of increases in oil and gas prices. USGS is not coll...
Geological Survey's Oil and Gas Royalty Collection System
091107: Aug 11, 1981
Testimony was given on a GAO review of the U.S. Geological Survey's (USGS) oil and gas royalty collection system which has been beset by longstanding problems. USGS is responsible for collecting royalty income due from oil and gas produced on Federal and Indian lands; these collections have increased substantially with increases in oil and gas prices and could total $22 billion by fiscal year 1990...
Federal Leasing Policy
112916: Jul 24, 1980
Comments were presented on the proposed expansion of the competitive onshore oil and gas leasing system and the impacts which access to Federal lands and delays in the permitting process have on the onshore leasing system. Over the years, the Federal leasing system for onshore oil and gas has been criticized. The controversy has generally centered around the merits of a competitive leasing system...
Impact of Making the Onshore Oil and Gas Leasing System More Competitive
EMD-80-60: Published: Mar 14, 1980. Publicly Released: Mar 17, 1980.
Legislation has been introduced in the Senate by the administration to expand competitive leasing of Federal onshore oil and gas resources.While the bill, S. 1637, has several commendable features, it is nonetheless based on insufficient data and analyses and poses such great uncertainties that it should not be enacted in its present form. While S. 1637 does have features directed at improving dil...
Oil and Gas Royalty Collections--Serious Financial Management Problems Need Congressional Attention
FGMSD-79-24: Published: Apr 13, 1979. Publicly Released: Apr 13, 1979.
A significant portion of domestically produced oil and natural gas comes from Federal and Indian lands leased to the private sector. During 1977, the U.S. Geological Survey (USGS) collected about $1.2 billion in royalties on these lands from the oil and gas industry. Extensive congressional interest in government debt collection procedures prompted a review of the system and related controls used...