Annual Report on Outer Continental Shelf Shut-In Or Flaring Wells Is No Longer Needed PDF Download
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Author: United States. General Accounting Office Publisher: ISBN: Category : Continental shelf Languages : en Pages : 16
Book Description
As required by the Outer Continental Shelf Lands Act Amendments of 1978, GAO examined the methodology that the Department of the Interior used to allow Outer Continental Shelf (OCS) wells to be shut-in or to flare natural gas. In the last report, GAO questioned whether the Interior report fulfilled the intent of Congress and whether continuing to require a report served a useful purpose. A primary concern of Congress in enacting the annual reporting requirement was to oversee whether OCS operators were deliberately withholding production in anticipation of higher prices. As in the last report, GAO again found that the Interior report does not satisfy the primary intent of Congress. Furthermore, recent legislation and administrative actions decontrolling the price of oil and natural gas make concern over deliberate withholding less of an issue. GAO believes legislative relief from the OCS shut-in and flaring wells reporting requirement is appropriate. Abolishing the report would not affect the Interior's continuing responsibilities for inspecting and monitoring OCS lease activities to ensure efficient development of oil and gas resources.
Author: Publisher: ISBN: Category : Evaluation research (Social action programs) Languages : en Pages : 1216
Book Description
Contains an inventory of evaluation reports produced by and for selected Federal agencies, including GAO evaluation reports that relate to the programs of those agencies.
Author: Publisher: ISBN: Category : Languages : en Pages : 776
Book Description
Contains an inventory of evaluation reports produced by and for selected Federal agencies, including GAO evaluation reports that relate to the programs of those agencies.
Author: United States Accounting Office (GAO)
Author: United States Accounting Office (GAO)
Author: United States. General Accounting Office
Author: United States. General Accounting Office
Author: United States. General Accounting Office
Author: United States. General Accounting Office
Author: United States. General Accounting Office
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Author: United States. General Accounting Office
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