Oil resources (1 - 10 of 221 items) in Custom Date Range
Oil and Gas Oversight: Interior Has Taken Steps to Address Staff Hiring, Retention, and Training but Needs a More Evaluative and Collaborative Approach
GAO-16-742: Published: Sep 29, 2016. Publicly Released: Oct 31, 2016.
The Department of the Interior has taken steps to resolve its hiring and retention challenges for key staff engaged in oil and gas activities, but it has not evaluated the effectiveness of its efforts and has missed opportunities to collaborate within the department for resolving these challenges. Specifically, Interior has taken steps to address two underlying factors—lower salaries and a lengt...
Indian Energy Development: Actions Needed to Address BIA Management Challenges
GAO-16-171T: Published: Oct 21, 2015. Publicly Released: Oct 21, 2015.
In its June 2015 report, GAO found that Bureau of Indian Affairs' (BIA) management shortcomings and other factors—such as a complex regulatory framework, limited capital and infrastructure, and varied tribal capacity—have hindered Indian energy development. Specifically, BIA's management has the following shortcomings:BIA does not have the data it needs to verify ownership of some Indian oil a...
Crude Oil Export Restrictions: Studies Suggest Allowing Exports Could Reduce Consumer Fuel Prices
GAO-15-745T: Published: Jul 8, 2015. Publicly Released: Jul 8, 2015.
In September 2014, GAO reported that according to studies it reviewed and stakeholders it interviewed, removing crude oil export restrictions would likely increase domestic crude oil prices, but could decrease consumer fuel prices, although the extent of price changes are uncertain and may vary by region. The studies identified the following implications for U.S. crude oil and consumer fuel prices...
Changing Crude Oil Markets: Allowing Exports Could Reduce Consumer Fuel Prices, and the Size of the Strategic Reserves Should Be Reexamined
GAO-14-807: Published: Sep 30, 2014. Publicly Released: Oct 20, 2014.
The studies GAO reviewed and stakeholders interviewed suggest that removing crude oil export restrictions is likely to increase domestic crude oil prices but decrease consumer fuel prices. Prices for some U.S. crude oils are lower than international prices—for example, one benchmark U.S. crude oil averaged $101 per barrel in 2014, while a comparable international crude oil averaged $109. Studies...
Drinking Water: Characterization of Injected Fluids Associated with Oil and Gas Production
GAO-14-857R: Published: Sep 23, 2014. Publicly Released: Sep 23, 2014.
The Environmental Protection Agency (EPA) oversees the Underground Injection Control (UIC) program, including oversight and regulation of injection wells associated with oil and gas production called class II wells. Under the Safe Drinking Water Act, these wells are subject to regulation to protect underground drinking water sources. EPA has approved 39 states to manage their own class II well pro...
Oil and Gas: Interior's Restructuring Challenges in the Aftermath of the Gulf Oil Spill
GAO-11-734T: Published: Jun 2, 2011. Publicly Released: Jun 2, 2011.
The Department of the Interior oversees oil and gas activities on leased federal lands and waters. Revenue generated from federal oil and gas production is one of the largest nontax sources of federal government funds, accounting for about $9 billion in fiscal year 2009. Since the April 2010 explosion on board the Deepwater Horizon, Interior has been in the midst of restructuring the bureaus that...
Energy-Water Nexus: A Better and Coordinated Understanding of Water Resources Could Help Mitigate the Impacts of Potential Oil Shale Development
GAO-11-35: Published: Oct 29, 2010. Publicly Released: Nov 29, 2010.
Oil shale deposits in Colorado, Utah, and Wyoming are estimated to contain up to 3 trillion barrels of oil--or an amount equal to the world's proven oil reserves. About 72 percent of this oil shale is located beneath federal lands, making the federal government a key player in its potential development. Extracting this oil is expected to require substantial amounts of water and could impact ground...
Onshore Oil and Gas: BLM's Management of Public Protests to Its Lease Sales Needs Improvement
GAO-10-670: Published: Jul 30, 2010. Publicly Released: Aug 30, 2010.
The development of oil and natural gas resources on federal lands contributes to domestic energy production but also results in concerns over potential impacts on those lands. Numerous public protests about oil and gas lease sales have been filed with the Bureau of Land Management (BLM), which manages these federal resources. GAO was asked to examine (1) the extent to which BLM maintains and makes...
Oil and Gas Management: Past Work Offers Insights to Consider in Restructuring Interior's Oversight
GAO-10-888T: Published: Jul 22, 2010. Publicly Released: Jul 22, 2010.
The catastrophic oil spill in the Gulf of Mexico has drawn attention to the exploration and production of oil and gas from leases on federal lands and waters. The Department of the Interior oversees oil and gas activities on federal lands and waters. Onshore, the Bureau of Land Management (BLM) has oversight responsibilities. Offshore, the newly created Bureau of Ocean Energy Management, Regulatio...
Firms Reported in Open Sources as Having Commercial Activity in Iran's Oil, Gas, and Petrochemical Sectors
GAO-10-515R: Published: Mar 23, 2010. Publicly Released: Apr 22, 2010.
Iran's oil and gas industry is vital to its economy and government. Oil export revenues have accounted for more than 24 percent of Iran's gross domestic product and between 50 and 76 percent of the Iranian government's revenues in recent years. Iran has the world's third largest oil reserves and second largest gas reserves, according to the Congressional Research Service (CRS), and is the world's...