Splitting Common-Pool Offshore Oil & Gas Revenues

by Sarah S. Perkins, ARCO Exploration Co, Dallas, TX, USA,



Document Type: Proceeding Paper

Part of: Coastal Zone '85

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: Federal government | Offshore drilling | Offshore platforms | Wells (oil and gas) | Revenues | Non-renewable energy | Natural gas

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