Splitting Common-Pool Offshore Oil & Gas Revenuesby Sarah S. Perkins, ARCO Exploration Co, Dallas, TX, USA,
Abstract: The Department of Interior (DOI) and several coastal states are currently at odds over an issue with enormous financial stakes as well as far-reaching implications in federal/state relations. What is under dispute is how much the federal government should share with coastal states of the revenues resulting from the leasing and development of 'common-pool tracts' in the federal Outer Continental Shelf (OCS). Common-pool tracts are those that underlie both federal and state offshore areas (in most cases states own the offshore areas 3 miles from their beaches the federal government owns the area from 3-200 miles seaward.
Subject Headings: Offshore platforms | Federal government | Revenues | Offshore drilling | Wells (oil and gas) | Coastal management | Coastal environment | Legislation | North America | Georgia | United States
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