The Rate of Return Earned by Lessees under Cash Bonus Bidding for OCS Oil and Gas Leases

Walter J. Mead, Asbjorn Moseidjord and Philip E. Sorensen

The Energy Journal, 1983, vol. 4, issue 4, 37-52

Abstract: The remaining oil and gas reserves and resources of the Outer Continental Shelf (OCS) represent one of America's largest publicly owned assets. Through 1980, OCS oil and gas leases had produced $62.8 billion in gross revenue and $41.3 billion in bonus, royalty, and rental payments to the federal government (U.S. Geological Survey, 1981).

Keywords: Oil and gas leases; Outer continental shelf; US; Bonus bidding; Lessee rate of return (search for similar items in EconPapers)
Date: 1983
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Persistent link: https://EconPapers.repec.org/RePEc:sae:enejou:v:4:y:1983:i:4:p:37-52

DOI: 10.5547/ISSN0195-6574-EJ-Vol4-No4-3

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