Mms royalty in kind program

Showing of 45 pages in this report. Description A letter report issued by the Government Accountability Office with an abstract that begins "Companies that develop and produce oil and gas from federal lands and waters are required to report their production volumes and other data to the Department of the Interior's Interior Minerals Management Service MMS and to pay royalties either in value cash or in kind oil or gas. Mapped Search Open Access. Who People and organizations associated with either the creation of this report or its content.

Author United States. Publisher United States. Place of Publication: Washington D. About Browse this Partner. What Descriptive information to help identify this report. Language English. Item Type Report. Identifier Unique identifying numbers for this report in the Digital Library or other systems. Report No. Collections This report is part of the following collection of related materials. About Browse this Collection. Digital Files 45 image files available in multiple sizes 1 file.

When Dates and time periods associated with this report. Creation Date August 14, Usage Statistics When was this report last used? Yesterday: 0. Past 30 days: 0. Total Uses: More Statistics. Where Geographical information about where this report originated or about its content. Place Name United States. Publication Place Washington D. Prior to the mids, MMS's in kind efforts were generally limited to its Small Refiners Program--under which MMS sold oil that it took in kind to small refiners that did not have an adequate supply of their own.

In , MMS began to study whether there were additional circumstances under which taking oil and gas in kind were in the best interest of the federal government.

In , MMS began a series of pilot sales of royalty oil and gas and, based on the results of these pilot sales, expanded its royalty-in-kind program. In , we recommended that MMS develop a more systematic approach to assess its royalty-in-kind program, and MMS has since made progress in developing metrics for measuring the performance of the program.

In March , we provided congressional testimony on Interior's oversight of the collection of royalties paid both in value and in kind on the production of oil and gas from federal lands and waters. This report highlights oversight issues related to MMS's royalty-in-kind program raised in that testimony and assesses 1 the extent to which MMS has reasonable assurance that it is collecting the correct amounts of royalty-in-kind oil and gas and 2 the reliability of the information on the performance of the royalty-in-kind program contained in MMS's annual report to the Congress.