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Sunday, July 12, 2020 | History

2 edition of role of information in U.S. offshore oil and gas lease auctions found in the catalog.

role of information in U.S. offshore oil and gas lease auctions

Robert H. Porter

role of information in U.S. offshore oil and gas lease auctions

by Robert H. Porter

  • 158 Want to read
  • 4 Currently reading

Published by National Bureau of Economic Research in Cambridge, MA .
Written in English

    Subjects:
  • Oil and gas leases -- United States.,
  • Petroleum in submerged lands -- United States.,
  • Disclosure of information -- United States.

  • Edition Notes

    StatementRobert H. Porter.
    SeriesNBER working paper series -- working paper no. 4185, Working paper series (National Bureau of Economic Research) -- working paper no. 4185.
    ContributionsNational Bureau of Economic Research.
    The Physical Object
    Pagination37, [12] p. :
    Number of Pages37
    ID Numbers
    Open LibraryOL22439415M

    Offshore Leasing, Exploration and Development Process Chart. As required by the Outer Continental Shelf Lands Act, the U.S. Department of the Interior has a well-established process in place for managing offshore oil and natural gas leasing, exploration and development. Lease Sale , scheduled to be live streamed from New Orleans, will be the second offshore sale under the National Outer Continental Shelf Oil and Gas Leasing Program for It will include ab unleased blocks, located from three to miles offshore, in the Gulf’s Western, Central and Eastern planning areas in water depths.

    The U.S. Department of the Interior said on Thursday that it intends to prepare an Environmental Impact Statement (EIS) for a potential oil and gas lease sale in the Beaufort Sea. These regulations provide a framework for issuing leases, easements and rights-of-way for OCS activities that support production and transmission of energy from sources other than oil and natural gas. Since the regulations were enacted, BOEM has worked diligently to .

      A report by the U.S. Department of the Interior, “Oil and Gas Lease Utilization: Onshore and Offshore,” analyzed data provided from the U.S. Geological Survey, the Bureau of Land Management, and the Bureau of Ocean Energy on the level of oil and gas industry activity on leased land. The Bureau of Land Management oversees all leases of. The Program on Industrial Organization (IO) was founded in , and grew steadily under the leadership of Nancy Rose, who led the program from its inception until Jonathan Levin served as program director from until ,when he became dean of the Stanford Graduate School of Business and was succeeded by Liran IO program currently has 83 members and holds a winter meeting.


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Role of information in U.S. offshore oil and gas lease auctions by Robert H. Porter Download PDF EPUB FB2

The Role of Information in U.S. Offshore Oil and Gas Lease Auctions Robert H. Porter. NBER Working Paper No. Issued in October NBER Program(s):Industrial Organization This paper describes the U.S. offshore oil and gas lease sales, conducted by the. Get this from a library.

The role of information in U.S. offshore oil and gas lease auctions. [Robert H Porter; National Bureau of Economic Research.]. U.S. offshore oil and gas lease sales conducted by the Department of the Interior.

The federal government auctions mineral rights to its offshore lands, or Outer Continental Shelf (OCS hereafter). The purpose of this paper is to discuss the role of information in the OCS leasing program and survey my recent research with Ken Hendricks.

The Role of Information in U.S. Offshore Oil and Gas Lease Auction Article (PDF Available) in Econometrica 63(1) January with 56 Reads How we measure 'reads'.

"The Role of Information in U.S. Offshore Oil and Gas Lease Auctions," Discussion PapersNorthwestern University, Center for Mathematical Studies in Economics and Management Science.

Robert H. Porter, "The Role of Information in U.S. Offshore Oil and Gas Lease Auctions," NBER Working PapersNational Bureau of Economic Research.

Abstract. This paper describes the U.S. offshore oil and gas lease sales, conducted by the Department of the Interior since Several decision problems are discussed, including bidding for leases, the government's decision whether to accept the highest bid, the incidence and timing of exploratory drilling, and the formation of bidding consortia.

The Role of Information in U.S. Offshore Oil and Gas Lease Auctions Several decision problems are discussed, including bidding for leases, the government's decision whether to accept the highest bid, the incidence and timing of exploratory drilling, and the formation of bidding consortia.

Downloadable. This paper describes the U.S. offshore oil and gas lease sales, conducted by the Department of the Interior since Several decision problems are discussed, including bidding for leases, the government's decision whether to accept the highest bid, the incidence and timing of exploratory drilling, and the formation of bidding consortia.

The U.S. Mineral Management Service (MMS) uses auctions to allocate exploration and drilling rights for oil and gas on federal lands on the Outer Continental Shelf (OCS). The federal offshore leasing program began inand there have been few alterations in the auction mechanism.

Oil companies bid on less than 1 percent of the parcels offered in a sweeping U.S. auction of Gulf of Mexico exploration leases on Wednesday, showing tepid interest in. This paper describes the U.S. offshore oil and gas lease sales conducted by the Department of the Interior since Several decisions are discussed, including bidding for leases, the government's decision whether to accept the highest bid, the incidence and timing of exploratory drilling, and the formation of bidding consortia.

Get this from a library. The role of information in U.S. offshore oil and gas lease auctions. [Robert H Porter; National Bureau of Economic Research.] -- This paper describes the U.S. offshore oil and gas lease sales, conducted by the Department of the Interior since Several decision problems are discussed, including bidding for leases, the.

The Trump administration on Friday said it would offer the largest oil and gas offshore auction in U.S. history on March 21 for areas in federal waters off the Gulf Coast, less than a year after a. POGO’s analysis of auction competitiveness focused on the Gulf of Mexico because, in recent decades, that has been by far the main arena for U.S offshore oil and gas production and lease sales.

In almost every sale since the Reagan Administration redesigned the auction system, just a small percentage of the Gulf tracts put up for auction have.

The federal offshore lease is the primary contract between the federal government and a lessee. Like most oil and gas leases, leases issued on. 43 U.S.C.

§ (a)(1). See. 43 U.S.C. §§ (b), (a). 43 U.S.C. § (a). On Apan explosion on the Deepwater Horizon drilling. May U.S. Department of the Interior – Report to the President 6 and gas resources on the OCS available for development. The Proposed Outer Continental Shelf Oil and Gas Leasing Program for schedules 12 potential lease sales in the Gulf of Mexico, as well as three potential sales in Alaska’s Cook Inlet.

Get a high level view of the oil and gas leases, the well locations, the operators for the lease, as well as U.S. oil and gas production. Want even more details on U.S. oil and gas leases.

Subscribe now to get access to advanced mapping features, production information, well details, operator details and. Minerals Management Service (MMS, now BOEM) oil and gas auctions I exploration/drilling rights, U.S.

Outer Continental Shelf (OCS) I o⁄shore leasing program began in I few alterations in the auction mechanism I considerable revenue for the government I excellent data Figure 1: plots sales revenue and royalty payments from Gulf.

Auctions have been used by the U.S. federal government to sell development rights to oil and gas on the OCS for decades and are thus a natural candidate for the allocation of wind energy. The use of auctions is common in situations where the seller is unsure of the value of the item being sold (Krishna, ), as is the case for oil, gas, and.

Effect on Lease Term. If a lease, or any part of a lease, is subject to a unit agreement, the entire lease remains in effect as long as there are leaseholding operations extending the unit or a unit suspension is in effect. The U.S. Mineral Management Service (MMS) uses auctions to allocate exploration and drilling rights for oil and gas on federal lands on the Outer Continental Shelf (OCS).

The federal offshore leasing program began inand there have been few alterations in the auction mechanism. However, the environment in which firms bid in these.Dismukes, D.E. Fact book: Offshore oil and gas industry support sectors. U.S.

Dept. of the Interior, Bureau of Ocean Energy Management, Regulation and Enforcement, Gulf of Mexico OCS Region, New Orleans, LA. OCS Study BOEMRE pp. Offshore Oil and Gas Development: Legal Framework Congressional Research Service 1 he development of offshore oil, gas, and other mineral resources in the United States is shaped by a number of interrelated legal regimes, including international, federal, and state laws.

International law provides a framework for establishing national ownership or.