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Who Makes the Most From Oil and Gas Leases on Public Land?

BLM.gov -- The GAO calculated the U.S. government ranked 93rd lowest out of 104 fiscal systems surveyed, losing between $21 and $53 billion in potential revenue.

The Department of the Interior disagreed with the GAO’s 40-page analysis, and released a 300-page study. The GAO’s analysis of this complicated arena was superficial and inadequate.
The government take as a proportion of the cash flow, typically nets more than the oil or gas-producing company does. The IHS-CERA study finds that on average the federal government captures 64 percent of the cash flow from Gulf of Mexico deepwater oil leases.
http://www.blm.gov/wo/st/en/prog/energy/comparative_assessment.html
Fig 2 shows how it works with gas leases in Wyoming, the “government take” ranging from a low of 50 percent to a high of 73 percent.

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Submitted Feb 08, 2012 By: BurtB

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KAR120CSII Champion Author Oregon Posts:1,950 Points:328,265 Joined:Apr 2010	Message Posted: Feb 9, 2012 11:08:43 PM Ignore KAR120CSII Report Abuse Who makes the most -- not the government. It's the welfare cowboys and welfare oilmen at the public trough -- BLM lands (our lands).
nb52 Champion Author Grand Rapids Posts:5,957 Points:1,186,470 Joined:Nov 2008	Message Posted: Feb 9, 2012 5:14:31 AM Ignore nb52 Report Abuse Isn't this a repeat story?
tomok Champion Author Portland Posts:26,078 Points:1,984,435 Joined:Aug 2006	Message Posted: Feb 9, 2012 2:11:11 AM Ignore tomok Report Abuse The government will get their money first from lease fees and/or taxes, the speculators, manipulators and the banks will continue to unfairly and unjustly make the driving public pay higher prices at the pump. Big oil and refineries will export fuel and natural gas to other countries for additional profits. The US oil and natural gas resources that belong to the citizens of this country and are to be used by those same citizens! Barry will support natural gas and oil production to pay for his ‘spending gone wild’ addiction. The price of fuel at the pump is too high! 12/22/2012!
TXryder All-Star Author Texas Posts:733 Points:104,015 Joined:Jan 2012	Message Posted: Feb 8, 2012 11:16:01 PM Ignore TXryder Report Abuse So besides direct taxation, our own gov has additional means of jacking up our gas prices.
rxman1 Champion Author Toledo Posts:7,590 Points:1,501,895 Joined:Nov 2007	Message Posted: Feb 8, 2012 11:09:29 PM Ignore rxman1 Report Abuse It is what it is.
vulcan96 Champion Author Ohio Posts:21,913 Points:2,744,665 Joined:Aug 2004	Message Posted: Feb 8, 2012 11:05:42 PM Ignore vulcan96 Report Abuse please put your brain in gear before you next vote.....
CarolinaBlue150 Champion Author North Carolina Posts:1,335 Points:263,800 Joined:Aug 2011	Message Posted: Feb 8, 2012 11:05:06 PM Ignore CarolinaBlue150 Report Abuse Brought to you by the same folks who can't decide after years of review whether to approve the Keystone Pipeline.
joel27nc Champion Author Raleigh Posts:8,701 Points:1,498,270 Joined:Mar 2008	Message Posted: Feb 8, 2012 11:02:27 PM Ignore joel27nc Report Abuse True or False?
luwachris Champion Author Los Angeles Posts:1,047 Points:217,045 Joined:Jul 2011	Message Posted: Feb 8, 2012 10:59:33 PM Ignore luwachris Report Abuse fact or fiction?
tidalwave3 All-Star Author Tallahassee Posts:582 Points:1,135,485 Joined:Jun 2008	Message Posted: Feb 8, 2012 10:57:51 PM Ignore tidalwave3 Report Abuse Lier, Lier pants ON FIRE
propanedave Champion Author Orange County Posts:1,095 Points:260,360 Joined:May 2011	Message Posted: Feb 8, 2012 10:53:11 PM Ignore propanedave Report Abuse Don't believe anything from the Dept of the Interior......
danreino Champion Author Twin Cities Posts:6,807 Points:1,243,265 Joined:Mar 2008	Message Posted: Feb 8, 2012 10:53:09 PM Ignore danreino Report Abuse The lands are being leased; so whaddaya gonna do ?
RAKARWOWSKI Champion Author Chicago Posts:2,202 Points:461,810 Joined:Jan 2011	Message Posted: Feb 8, 2012 10:51:35 PM Ignore RAKARWOWSKI Report Abuse Not the public.
FrankTA2 Champion Author New York Posts:2,755 Points:754,150 Joined:Jun 2007	Message Posted: Feb 8, 2012 10:51:28 PM Ignore FrankTA2 Report Abuse BIG oil companies make the most from leases.
bonzoonfmb All-Star Author Florida Posts:539 Points:357,575 Joined:Feb 2010	Message Posted: Feb 8, 2012 10:50:45 PM Ignore bonzoonfmb Report Abuse The higher the price of crude the more likely fringe and less easily produced crude will come into being cost effective to harvest.
SparkieMi Champion Author Kalamazoo Posts:1,463 Points:237,455 Joined:Sep 2011	Message Posted: Feb 8, 2012 10:49:09 PM Ignore SparkieMi Report Abuse If the government gets 50 to 73% of the revenue and the oil companies are recording BILLIONS of dollars of profits, WHERE IS THE GOVERNMENTS BILLIONS????
themaninthehat Champion Author New Orleans Posts:1,532 Points:405,550 Joined:Feb 2011	Message Posted: Feb 8, 2012 10:47:55 PM Ignore themaninthehat Report Abuse some of the best information in quite a while here.
Jeeputtputt Champion Author Michigan Posts:1,905 Points:442,690 Joined:Aug 2009	Message Posted: Feb 8, 2012 10:44:28 PM Ignore Jeeputtputt Report Abuse not me
Throroughbred Champion Author Cleveland Posts:1,031 Points:1,210,745 Joined:Jun 2007	Message Posted: Feb 8, 2012 10:44:15 PM Ignore Throroughbred Report Abuse So the government makes the most and we're still broke? Oh, I forgot Obama suspended the drilling!!
mrreferee All-Star Author Savannah Posts:652 Points:265,490 Joined:Jun 2011	Message Posted: Feb 8, 2012 10:40:20 PM Ignore mrreferee Report Abuse it dosen't matter who makes what, we still get screwed!!
DustyHorse Champion Author Virginia Posts:4,495 Points:1,074,270 Joined:Oct 2008	Message Posted: Feb 8, 2012 10:35:27 PM Ignore DustyHorse Report Abuse And still we have money problems.
Road-Runner Champion Author Denver Posts:6,409 Points:1,775,295 Joined:May 2004	Message Posted: Feb 8, 2012 10:34:42 PM Ignore Road-Runner Report Abuse Whichever way this cookie crumble, consumers lose as usual.
PoohMcGoo Champion Author South Carolina Posts:1,907 Points:478,780 Joined:Dec 2010	Message Posted: Feb 8, 2012 10:34:22 PM Ignore PoohMcGoo Report Abuse If they charge more for using the public land, we'll just be paying more.. But we're getting screwed either way... so the govt may as well charge them more and not raise our taxes..
confetti Veteran Author Tampa Posts:317 Points:236,590 Joined:Jan 2006	Message Posted: Feb 8, 2012 10:34:08 PM Ignore confetti Report Abuse Wow, GREAT article! I hope I will never again see a comment about "greedy big oil" or "speculators" being responsible for high gas prices, when the truth is laid out in this article: the GREEDY GOVERNMENT gets 50-73% of the money! Vote the big government bozos out of office!
tes283 Veteran Author Tampa Posts:359 Points:93,880 Joined:Dec 2011	Message Posted: Feb 8, 2012 10:33:23 PM Ignore tes283 Report Abuse I was hoping it would be the land owners....US.
suzmar Champion Author Texas Posts:1,030 Points:546,145 Joined:Jun 2006	Message Posted: Feb 8, 2012 10:31:58 PM Ignore suzmar Report Abuse Typical, the government always takes more than their share, should be big government, not big oil.
LegoVasavouchi Champion Author Oklahoma Posts:1,163 Points:79,715 Joined:Apr 2011	Message Posted: Feb 8, 2012 10:23:42 PM Ignore LegoVasavouchi Report Abuse Fascinating.
Prodaddy Champion Author Houston Posts:6,580 Points:1,534,795 Joined:May 2007	Message Posted: Feb 8, 2012 10:19:15 PM Ignore Prodaddy Report Abuse Not suprised at all
BBYinBC All-Star Author Vancouver Posts:630 Points:569,440 Joined:Jul 2009	Message Posted: Feb 8, 2012 10:17:33 PM Ignore BBYinBC Report Abuse the Most From Oil and Gas
36IHBinder Champion Author Illinois Posts:1,159 Points:287,245 Joined:Jun 2011	Message Posted: Feb 8, 2012 10:17:07 PM Ignore 36IHBinder Report Abuse american public shafted again
sammy518 Champion Author Austin Posts:2,150 Points:448,185 Joined:Dec 2010	Message Posted: Feb 8, 2012 10:14:40 PM Ignore sammy518 Report Abuse ok
mstearno Champion Author Dayton Posts:6,366 Points:1,388,490 Joined:Jan 2008	Message Posted: Feb 8, 2012 10:12:31 PM Ignore mstearno Report Abuse THE GOVT
woburnspotter2 Veteran Author Boston Posts:480 Points:167,755 Joined:Apr 2007	Message Posted: Feb 8, 2012 10:08:52 PM Ignore woburnspotter2 Report Abuse Goes to show - The government publishes figures which can be bent any way they wish, by conveniently leaving out some of the facts that normally go in to figures like this. Bottom line - The Govenment takes 64% of the cash flow, then tells us we should be concerned about "Big oil". When folks wake up, they are more concerned about "Big Government". . . . They have their hands in our pockets at every turn.. . . .
NorthglennBill Champion Author Denver Posts:5,705 Points:1,120,420 Joined:Oct 2008	Message Posted: Feb 8, 2012 10:08:33 PM Ignore NorthglennBill Report Abuse BLM, GAO, and the Department of Interior all battle over whose accountants are the best and whose figures are correct. You've got to love it. [Edited by: NorthglennBill at 2/8/2012 11:09:09 PM EST]
Lukus Champion Author Halifax Posts:6,539 Points:1,321,365 Joined:Nov 2007	Message Posted: Feb 8, 2012 10:07:15 PM Ignore Lukus Report Abuse OK, but do you trust a government department reporting on its self.
Dragnet Champion Author Arizona Posts:13,348 Points:2,556,480 Joined:Jul 2004	Message Posted: Feb 8, 2012 10:06:38 PM Ignore Dragnet Report Abuse Obama pockets it and gives it away
babyjudy Champion Author Tucson Posts:1,007 Points:219,325 Joined:Sep 2011	Message Posted: Feb 8, 2012 10:03:42 PM Ignore babyjudy Report Abuse When do average Americans get their bonuses? [Edited by: babyjudy at 2/8/2012 11:04:12 PM EST]
seenmany Rookie Author Salt Lake City Posts:24 Points:185,030 Joined:Aug 2011	Message Posted: Feb 8, 2012 10:01:21 PM Ignore seenmany Report Abuse Government "take" occurs with little expense, compared to the company that drills and produces 24/7 each day.
BooHooMI Champion Author Michigan Posts:1,546 Points:342,460 Joined:Sep 2010	Message Posted: Feb 8, 2012 9:59:32 PM Ignore BooHooMI Report Abuse Hmmm...
SparkieMi Champion Author Kalamazoo Posts:1,463 Points:237,455 Joined:Sep 2011	Message Posted: Feb 8, 2012 9:56:44 PM Ignore SparkieMi Report Abuse The BIG question is WHAT IS THE GOVERNMENT DOING WITH ALL THIS MONEY?????
sillywagon Champion Author New York Posts:11,725 Points:1,080,370 Joined:Oct 2008	Message Posted: Feb 8, 2012 9:56:18 PM Ignore sillywagon Report Abuse At least the oil companies are not pissing away what profits they make from public leases. I cannot say the same for Government.
duffee01 All-Star Author Mississippi Posts:585 Points:174,015 Joined:Sep 2011	Message Posted: Feb 8, 2012 9:54:37 PM Ignore duffee01 Report Abuse Some more of the paperwork trail that just seems to disappear when it comes down to the nitty gritty.
us4usa Champion Author Missouri Posts:4,426 Points:782,695 Joined:May 2008	Message Posted: Feb 8, 2012 9:53:36 PM Ignore us4usa Report Abuse If Uncle Sam is making money off oil and gas, the EVs/alt are DEAD... Maybe thats why Uncle Sam pushed corn water for 30 yrs, low MPG, more gas and oil, more money???
WIPACKERFAN Champion Author Chicago Posts:7,015 Points:1,489,660 Joined:Aug 2005	Message Posted: Feb 8, 2012 9:51:49 PM Ignore WIPACKERFAN Report Abuse OK
carman11 Champion Author North Carolina Posts:1,465 Points:329,695 Joined:Jun 2011	Message Posted: Feb 8, 2012 9:50:37 PM Ignore carman11 Report Abuse Government always make more on gas that the company that has the investment in the product.
gumbyrex Champion Author Fresno Posts:1,492 Points:399,270 Joined:Mar 2011	Message Posted: Feb 8, 2012 9:48:48 PM Ignore gumbyrex Report Abuse So who has the most self interest here? The GAO or the Department of Interior.
Is246 Veteran Author Albuquerque Posts:338 Points:204,410 Joined:Apr 2011	Message Posted: Feb 8, 2012 9:48:42 PM Ignore Is246 Report Abuse The oil companies are making huge profits.
jb107 Champion Author New Jersey Posts:7,748 Points:2,261,325 Joined:Sep 2005	Message Posted: Feb 8, 2012 9:41:51 PM Ignore jb107 Report Abuse Someone has to be making big bucks.
KDorman Rookie Author Houston Posts:1 Points:525 Joined:Feb 2012	Message Posted: Feb 8, 2012 9:35:47 PM Ignore KDorman Report Abuse so who?
letmathe Champion Author Chicago Posts:12,879 Points:2,818,210 Joined:May 2001	Message Posted: Feb 8, 2012 9:35:33 PM Ignore letmathe Report Abuse The government is the owner of the land ... purchased from France (with tax money) or Mexico or taken from other colonial powers through warfare. Who else is supposed to profit from a public asset but the public treasury? Do writers here suggest it should be simply given to the oil companies?