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OIL & GAS FOR MANAGERS NTC 3000-74

OIL & GAS FOR MANAGERS NTC 3000-74. Leasing 101. Oil & Gas for Mangers Leasing: Statistics 2001. 94,000 onshore Federal wells 11% domestic natural gas production 5% domestic oil production Commercial value > $13.6 billion Revenues > $1.6 billion.

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OIL & GAS FOR MANAGERS NTC 3000-74

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  1. OIL & GAS FOR MANAGERSNTC 3000-74 Leasing 101

  2. Oil & Gas for MangersLeasing: Statistics 2001 • 94,000 onshore Federal wells • 11% domestic natural gas production • 5% domestic oil production • Commercial value > $13.6 billion • Revenues > $1.6 billion

  3. Oil & Gas for ManagersLeasing: Authorities • US Constitution, Article 4, Sec 3 “ … The Congress shall have power to dispose of and make all needful rules and regulations respecting the territory or other property belonging to the United States …”

  4. Oil & Gas for ManagersLeasing: Authorities • Mineral Lands Leasing Act of 1920 • Mineral Leasing Act for Acquired Lands of 1947 • Federal Onshore Oil & Gas Leasing Reform Act of 1987

  5. Oil & Gas for ManagersLeasing: Policy • Congress • Domestic Minerals Program Act of 1953 • Mining & Minerals Policy Act of 1970 • National Materials & Minerals Policy, Research & Development Act of 1980 • Federal Onshore Oil & Gas Leasing Reform Act of 1987

  6. Oil & Gas for ManagersLeasing: Policy • Strategic Plan (FY 2000-2005) • National Energy Policy • 4-C’s

  7. Oil & Gas for ManagersLeasing: Field Office • Planning • Plan conformance • Modification • Amendment • Revision

  8. Oil & Gas for ManagersLeasing: Lands Offered • Customer request (EOI) • Bureau motion • Drainage • Unleased Federal in agreement area • Other

  9. Oil & Gas for ManagersLeasing: Reform Act Process • Competitive process • Oral auction • Posting period • Noncompetitive process • Day-after filings • 2 year window

  10. Oil & Gas for ManagersLeasing: State Office Staff • Administrative (mail clerks, cashiers) • Records (cartographic techs, data entry) • Adjudicative (LIEs/LLEs) • Professional (PEs)

  11. Oil & Gas for ManagersLeasing: Protests • Adjudicate • Decide • Implement decision • Appeal rights

  12. Oil & Gas for ManagersLeasing: Lessee’s Rights • Contract offering • Counter-offer • Takings

  13. Oil & Gas for ManagersLeasing: Lessee’s Rights • Exclusive rights to • Develop oil & gas • Build & maintain improvements • Subject to • Laws, regulations • Lease terms, including stipulations & orders

  14. Oil & Gas for ManagersLeasing: Wrap • Why do we care about oil & gas leasing? • Why does leasing have to be done right? • Who’s involved in the leasing function?

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