Interior Should Continue Use of Higher Royalty Rates for Offshore Oil and Gas Leases
RCED-83-30
Published: Dec 20, 1982. Publicly Released: Jan 19, 1983.
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Highlights
In response to a congressional request, GAO reviewed the Department of the Interior's rationale and practices in setting royalty rates for offshore oil and gas production. GAO compared Interior's approach to setting royalty rates with those of various States and foreign countries with offshore leasing programs, addressing the revenue implications of the differing practices.
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Budget receiptsEnergy suppliesFederal property managementGas leasesInternational relationsLeasing policiesOil leasesPrivate sectorRoyalty paymentsState programs