Oil leases (1 - 10 of 44 items)
Oil and Gas Resources: Interior's Production Verification Efforts and Royalty Data Have Improved, but Further Actions Needed
GAO-15-39: Published: Apr 7, 2015. Publicly Released: May 6, 2015.
The Department of the Interior has made considerable progress in improving both the verification of oil and gas produced from federal leases and the reasonableness and completeness of royalty data. Since fiscal year 2009, Interior has implemented 28 of 36 GAO recommendations made in these areas; however, key challenges remain, including the following:Interior has not updated its regulations for on...
Oil And Gas Resources: Actions Needed for Interior to Better Ensure a Fair Return
GAO-14-50: Published: Dec 6, 2013. Publicly Released: Dec 17, 2013.
Interior has taken some steps intended to help ensure a fair return on federal oil and gas resources but does not have documented procedures for periodically conducting assessments of the fiscal system. Specifically, Interior has taken the following steps:Changed offshore lease terms and considered but has not changed onshore lease terms. Interior changed certain offshore lease terms-- including r...
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...
Oil and Gas Leasing: Past Work Identifies Numerous Challenges with Interior's Oversight
GAO-11-487T: Published: Mar 17, 2011. Publicly Released: Mar 17, 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. For onshore leases, Interior's Bureau of Land Management (BLM) has oversight responsibilities. For offshore leases, the newly cr...
Oil and Gas Bonds: BLM Needs a Comprehensive Strategy to Better Manage Potential Oil and Gas Well Liability
GAO-11-292: Published: Feb 25, 2011. Publicly Released: Feb 25, 2011.
The number of oil and gas wells on leased federal land has increased dramatically. To help manage the environmental impacts of these wells, the Department of the Interior's (Interior) Bureau of Land Management (BLM) requires oil and gas operators to reclaim disturbed land in a manner it prescribes. To help ensure operators reclaim leased land, BLM requires them to provide a bond before beginning d...
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...
Oil and Gas Management: Interior's Oil and Gas Production Verification Efforts Do Not Provide Reasonable Assurance of Accurate Measurement of Production Volumes
GAO-10-313: Published: Mar 15, 2010. Publicly Released: Apr 14, 2010.
Oil and natural gas produced from federal leases generated over $6.5 billion in royalties in 2009. To verify that royalties are paid on the correct volumes of oil and gas, the Department of the Interior (Interior) verifies the quantity and quality of oil and gas, both onshore, through the Bureau of Land Management, and offshore, through the Offshore Energy and Minerals Management Service. This rep...
Oil and Gas Bonds: Bonding Requirements and BLM Expenditures to Reclaim Orphaned Wells
GAO-10-245: Published: Jan 27, 2010. Publicly Released: Feb 26, 2010.
The Federal Land Policy and Management Act of 1976 directs the Department of the Interior (Interior) to manage lands for multiple uses while also taking any action to prevent "unnecessary or undue degradation" of the land. To do this, Interior's Bureau of Land Management (BLM), among other things, requires oil and gas operators to reclaim the land they disturb and post a bond to help ensure they d...
Federal Oil And Gas Management: Opportunities Exist to Improve Oversight
GAO-09-1014T: Published: Sep 16, 2009. Publicly Released: Sep 16, 2009.
In fiscal year 2008, the Department of the Interior collected over $22 billion in royalties and other fees related to oil and gas. Within Interior, the Bureau of Land Management (BLM) manages onshore federal oil and gas leases, and the Minerals Management Service's (MMS) Offshore Energy and Minerals Management (OEMM) manages offshore leases. A federal lease gives the lessee rights to explore for a...