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Naval Petroleum Reserve No. 1: Work Still Needed to Improve Accuracy of Reserve Estimates

RCED-90-16 Published: Dec 13, 1989. Publicly Released: Feb 01, 1990.
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Highlights

Pursuant to a congressional request, GAO reviewed a Department of Energy (DOE) contractor's reserve data revisions for Naval Petroleum Reserve Number 1, an oil field jointly owned by the federal government and an oil company.

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Full Report (46 pages)

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Energy
Data integrityDomestic crude oilEconomic analysisFair market valueFederal propertyOil fieldsOil resourcesProjectionsReal estate salesStatistical methods