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Mineral Revenues: Potential Cost to Repurchase Offshore Oil and Gas Leases

RCED-91-93 Published: Feb 22, 1991. Publicly Released: Feb 22, 1991.
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Highlights

Pursuant to a congressional request, GAO reviewed the range of potential costs to the federal government for the cancellation of 123 oil and gas leases offshore Alaska, Florida, and North Carolina.

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CancellationContract termination costsFair market valueGas leasesLand managementLeasing policiesMarine mineral resources developmentOil leasesPublic landsPlutonium