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Outer Continental Shelf Sale #35: Problems Selecting and Evaluating Land to Lease

EMD-77-19 Published: Mar 07, 1977. Publicly Released: Mar 07, 1977.
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Highlights

A review of practices in leasing Outer Continental Shelf (OCS) lands for oil and gas development concentrated on tract selection and methods for estimating revenues. The Department of the Interior has leased a total of about 12.5 million acres in 21 years through competitive offerings, with resulting revenues to the Federal Government of nearly $16 billion.

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Energy
ExplorationGas leasesMarine mineral resources developmentNatural gasOil leasesPublic landsSite selectionOil embargoPublic interestOil and gas development