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Oil and Gas Royalties: A Comparison of the Share of Revenue Received from Oil and Gas Production by the Federal Government and Other Resource Owners
Amid rising oil & gas prices & reports of record o

 
Our Price: $15.00
By Mark E. Gaffigan (au)
Year: 2007
Pages: 15
Binding Paperback

Product Code: 1422319075

Description
 
Amid rising oil & gas prices & reports of record oil industry profits, a number of gov'ts., such as the State of Alaska, have taken steps to reevaluate &, in some cases, increase the share of oil & gas revenues they receive for the rights to develop oil & gas on their lands & waters. In FY 2006, oil & gas co. received over $77 billion from the sale of oil & gas produced from fed. lands & waters, & the Dept. of the Interior reported that these co. paid the fed. govít. $10 billion in oil & gas royalties. This report documents the U.S. govíts. take & implications assoc. with increasing royalty rates. It discusses: the U.S. govíts. take relative to that of other govít. resource owners; & the potential revenue implications of raising royalty rates on fed. oil & gas leases going forward. Illus.

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