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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

Year: 1983
Volume: Volume 4
Number: Number 4
DOI: 10.5547/ISSN0195-6574-EJ-Vol4-No4-3
View 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).

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