ABSTRACT

Federal Offshore Oil and Gas Revenues During the COVID-19 Pandemic [Updated November 23, 2020]   [open pdf - 503KB]

From the Document: "The economic effects of the Coronavirus Disease 2019 (COVID-19) pandemic have included a reduction in demand for oil and natural gas, resulting in lower prices and decreased production. These changes have affected revenues paid to the federal government from oil and gas leasing on the U.S. outer continental shelf (OCS). Federal revenues from OCS oil and gas include bonus bids from lease sales, rents paid prior to production on leases, royalties collected during production, and other fees."

Report Number:
CRS In Focus, IF11649
Author:
Publisher:
Date:
2020-11-23
Series:
Copyright:
Public Domain
Retrieved From:
Congressional Research Service: https://crsreports.congress.gov/
Format:
pdf
Media Type:
application/pdf
URL:
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