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

Author

Listed:
  • Walter J. Mead
  • Asbjorn Moseidjord
  • Philip E. Sorensen

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).

Suggested Citation

  • Walter J. Mead & Asbjorn Moseidjord & Philip E. Sorensen, 1983. "The Rate of Return Earned by Lessees under Cash Bonus Bidding for OCS Oil and Gas Leases," The Energy Journal, , vol. 4(4), pages 37-52, October.
    • Handle: 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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    References listed on IDEAS

    as
    1. Steven W. Millsaps & Mack Ott, 1981. "Information and Bidding Behavior by Major Oil Companies for Outer Continental Shelf Leases: Is the joint Bidding Ban Justified?," The Energy Journal, International Association for Energy Economics, vol. 0(Number 3), pages 71-90.
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