United States Government Publishing Office publisher pbl distributor dst United States Government Accountability Office author aut Government Organization text government publication eng GAOREPORTS Legislative Agency Publications gao legislative 2010-08-12 U.S. Government Printing Office 2008-09-12 monographic deposited born digital 18 p. GA 1.13:GAO-08-893R https://www.govinfo.gov/app/details/GAOREPORTS-GAO-08-893R P0b002ee180372226 f:d08893r DGPO 2010-08-12 2011-03-28 GAOREPORTS-GAO-08-893R machine generated eng fdlp REPORT GAOREPORTS-GAO-08-893R GAO-08-893R Data collection Data integrity Federal/state relations Financial management Funds management Gas leases Gas resources Information management Information technology Inspection Internal controls Mineral resources Oil leases Oil resources Reporting requirements Risk management Royalty payments Systems conversions Correspondence A84169 The Department of the Interior's (Interior) Minerals Management Service (MMS) collected the equivalent of over $9 billion in oil and gas royalties in fiscal year 2007, more than $5 billion of which it deposited in the U.S. Treasury; it dispersed the remaining approximately $4 billion to other federal, state, and tribal accounts. These royalties--payments made to the federal government for the right to produce oil and gas from federal lands and waters--represent one of the country's largest nontax sources of revenue. The amount of oil and gas royalties MMS collects may increase if the price of energy increases and industry's demand to drill on lands and in waters controlled by the federal government continues to trend upward. Companies that develop and produce oil and gas resources from federal lands and waters do so under leases obtained from and administered by Interior--BLM for onshore leases and MMS's OEMM for offshore leases. Together, BLM and OEMM are responsible for ongoing oversight of oil and gas operations on more than 28,000 producing leases to help ensure that oil and gas companies comply with applicable laws, regulations, and agency policies. Among other things, BLM (BLM) and OEMM (OEMM) staff inspect leases to verify that oil and gas production is accounted for as required by the Federal Oil and Gas Royalty Management Act of 1982 and agency regulations and policies. These inspections typically include an examination of the meters and their calibration records. https://www.govinfo.gov/content/pkg/GAOREPORTS-GAO-08-893R/html/GAOREPORTS-GAO-08-893R.htm https://www.govinfo.gov/content/pkg/GAOREPORTS-GAO-08-893R/pdf/GAOREPORTS-GAO-08-893R.pdf GAO-08-893R https://www.govinfo.gov/app/details/GAOREPORTS-GAO-08-893R Correspondence GAO-08-893R; Mineral Revenues: Data Management Problems and Reliance on Self-Reported Data for Compliance Efforts Put MMS Royalty Collections at Risk; Data collection Data integrity Federal/state relations Financial management Funds management Gas leases Gas resources Information management Information technology Inspection Internal controls Mineral resources Oil leases Oil resources Reporting requirements Risk management Royalty payments Systems conversions Public Law 97-451 Public Law 104-185