Crude oil (81 - 90 of 252 items)
Oil Reserve: Status of Strategic Petroleum Reserve Activities as of June 30, 1986
RCED-86-205: Published: Jul 25, 1986. Publicly Released: Aug 1, 1986.
Pursuant to a congressional request, GAO discussed the Department of Energy's (DOE) progress in developing, filling, and operating the Strategic Petroleum Reserve (SPR) as of June 30, 1986.GAO found that: (1) although the administration had planned no revisions to the moratorium-based 1987 SPR budget, DOE informally provided documentation on its revised 1986 and 1987 funding needs to Congress; (2)...
Offshore Oil and Gas Resources: Differences in Estimates by Interior and Industry for Offshore California
RCED-86-179BR: Published: Jul 10, 1986. Publicly Released: Jul 21, 1986.
Pursuant to a congressional request, GAO examined the procedures and assumptions the Department of the Interior and the petroleum industry used to develop estimates of offshore oil and gas resources in federal lands off California.GAO found that: (1) the department's Minerals Management Service (MMS) uses a computer model to estimate the potential volume and value of offshore energy resources in a...
Energy R&D: Current and Potential Use of Enhanced Oil Recovery
RCED-86-181BR: Published: Jun 24, 1986. Publicly Released: Jul 1, 1986.
Pursuant to a congressional request, GAO provided information on: (1) domestic crude oil production and consumption; (2) current enhanced oil recovery (EOR) activities and future prospects for increased production; (3) the impact of price changes on the number of stripper wells, which are a major potential EOR resource; and (4) the effects of price changes and the Department of Energy's (DOE) fisc...
Sales of Crude Oil by Elk Hills Naval Petroleum Reserve
130100: Jun 11, 1986
GAO discussed the Department of Energy's (DOE) sale of crude oil from the Elk Hills Naval Petroleum Reserve. GAO summarized the sales data contained in an earlier DOE fact sheet, noting that: (1) DOE sells shares of the crude oil under 6-month contracts by competitive bidding; (2) DOE determines the price of the oil by taking the average of the crude oil price schedules of the major oil companies...
Naval Petroleum Reserves: Preliminary Analysis of Future Net Revenues From Elk Hills Production
RCED-86-169BR: Published: Jun 5, 1986. Publicly Released: Jun 9, 1986.
Pursuant to a congressional request, GAO analyzed the proposed sale of the federal interest in the Elk Hills Naval Petroleum Reserve, focusing on: (1) the present value of net revenues from Elk Hills production; and (2) the effects on Elk Hills revenues of possible variations in crude oil prices and the Treasury discount rate.GAO found that: (1) Elk Hills revenues would range from $1.8 billion to...
Naval Petroleum Reserves: Sales Procedures and Prices Received for Elk Hills Oil
RCED-86-163FS: Published: May 9, 1986. Publicly Released: May 9, 1986.
In response to a congressional request, GAO reported on the Department of Energy's (DOE) oil sales from the Elk Hills Naval Petroleum Reserve (NPR-1) at apparently unreasonably low prices.GAO found that: (1) from October 1, 1985 to April 1, 1986, DOE sold about 86,000 barrels of oil per day from NPR-1; (2) from the start of that period through the first week of February 1986, posted crude oil pric...
Status of Strategic Petroleum Reserve Activities as of March 31, 1986
RCED-86-151: Published: Apr 18, 1986. Publicly Released: May 6, 1986.
In response to a congressional request, GAO reported on the Department of Energy's (DOE) progress in filling, developing, and operating the Strategic Petroleum Reserve (SPR) during the second quarter of fiscal year (FY) 1986.GAO found that the administration's FY 1987 budget included nearly $150 million for SPR development and management, but deferred about $776 million in storage-capacity develop...
Petroleum Products: Effects of Imports on U.S. Oil Refineries and U.S. Energy Security
RCED-86-85: Published: Apr 15, 1986. Publicly Released: Apr 15, 1986.
In response to a congressional request, GAO examined the effects of petroleum product imports on the U.S. refining industry and U.S. energy security, focusing on: (1) recent petroleum product import patterns, reasons for the trends, and their impact on refinery closures; (2) the outlook for U.S. product imports in coming years and the prospect of further refinery closures; (3) the impact of refine...
GAO Work Relating to the Strategic Petroleum Reserve
129211: Mar 4, 1986
GAO discussed the Strategic Petroleum Reserve (SPR), focusing on the: (1) Department of Energy's (DOE) response to GAO recommendations concerning its plan for selling SPR oil; (2) recently completed test drawdown and sale of SPR oil; and (3) DOE distribution enhancement program and its effect on drawdown capability. GAO found that, although the plan's market approach would limit oil price increase...
Pipeline Safety: Information on Gas Distribution System Operators Reporting Unaccounted for Gas
RCED-86-87BR: Published: Feb 25, 1986. Publicly Released: Mar 4, 1986.
In response to a congressional request, GAO provided information on: (1) the number of municipal gas distribution systems reporting high levels of unaccounted-for gas and whether those high levels represented severe gas pipeline leaks or presented a safety problem; and (2) the Department of Transportation's (DOT) authority to regulate liquid commodities that are not currently being regulated, such...