Naval Petroleum and Oil Shale Reserves Annual Report of Operations for Fiscal Year 1996 PDF Download
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Languages : en
Pages : 69
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During fiscal year 1996, the Department of Energy continued to operate Naval Petroleum Reserve No. 1 in California and Naval Petroleum Reserve No. 3 in Wyoming through its contractors. In addition, natural gas operations were conducted at Naval Petroleum Reserve No. 3. All productive acreage owned by the Government at Naval Petroleum Reserve No. 2 in California was produced under lease to private companies. The locations of all six Naval Petroleum and Oil Shale Reserves are shown in a figure. Under the Naval Petroleum Reserves Production Act of 1976, production was originally authorized for six years, and based on findings of national interest, the President was authorized to extend production in three-year increments. President Reagan exercised this authority three times (in 1981, 1984, and 1987) and President Bush authorized extended production once (in 1990). President Clinton exercised this authority in 1993 and again in October 1996; production is presently authorized through April 5, 2000. 4 figs. 30 tabs.
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Category :
Languages : en
Pages : 69
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During fiscal year 1996, the Department of Energy continued to operate Naval Petroleum Reserve No. 1 in California and Naval Petroleum Reserve No. 3 in Wyoming through its contractors. In addition, natural gas operations were conducted at Naval Petroleum Reserve No. 3. All productive acreage owned by the Government at Naval Petroleum Reserve No. 2 in California was produced under lease to private companies. The locations of all six Naval Petroleum and Oil Shale Reserves are shown in a figure. Under the Naval Petroleum Reserves Production Act of 1976, production was originally authorized for six years, and based on findings of national interest, the President was authorized to extend production in three-year increments. President Reagan exercised this authority three times (in 1981, 1984, and 1987) and President Bush authorized extended production once (in 1990). President Clinton exercised this authority in 1993 and again in October 1996; production is presently authorized through April 5, 2000. 4 figs. 30 tabs.
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Languages : en
Pages :
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The Naval Petroleum and Oil Shale Reserves (NPOSR) produces crude oil and associated hydrocarbons from the Naval Petroleum Reserves (NPR) numbered 1, 2, and 3, and the Naval Oil Shale Reserves (NOSR) numbered 1, 2, and 3 in a manner to achieve the greatest value and benefits to the US taxpayer. NPOSR consists of the Naval Petroleum Reserve in California (NPRC or Elk Hills), which is responsible for operations of NPR-1 and NPR-2; the Naval Petroleum Oil Shale Reserve in Colorado, Utah, and Wyoming (NPOSR-CUW), which is responsible for operations of NPR-3, NOSR-1, 2, and 3 and the Rocky Mountain Oilfield Testing Center (RMOTC); and NPOSR Headquarters in Washington, DC, which is responsible for overall program direction. Each participant shares in the unit costs and production of hydrocarbons in proportion to the weighted acre-feet of commercially productive oil and gas formations (zones) underlying the respective surface lands as of 1942. The participating shares of NPR-1 as of September 30, 1996 for the US Government and Chevron USA, Inc., are listed. This report presents the results of the independent certified public accountants' audit of the Department of Energy's (Department) Naval Petroleum and Oil Shale Reserves (NPOSR) financial statements as of September 30, 1996.
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Languages : en
Pages : 34
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The Naval Petroleum and Oil Shale Reserves (NPOSR) produces crude oil and associated hydrocarbons from the Naval Petroleum Reserve No. 1 (NPR-1) in a manner to achieve the greatest value and benefits to the US taxpayer. As required by the 1996 National Defense Authorization Act, the Department of Energy offered NPR-1 for sale during FY 1997. DOE structured the sale so as to offer two types of ownership segments: one operatorship segment, consisting of 74% of the US interest in NPR-1, and 13 nonoperating segments, each consisting of 2% of the US interest. Potential purchasers could bid on one, some, or all of the segments. If a single purchaser wanted to buy all of the Governments̀ interest, then its bid would have to exceed the total of the highest bids for all of the individual segments. Bids were due October 1, 1997, at which time DOE received 22 bids from 15 parties acting alone or in concert. The report and management letter present the results of the independent certified public accountants̀ audits of the Department of Energys̀ Naval Petroleum Reserve Number 1 (NPR-1) financial statements as of, and for the years ended, September 30, 1997 and 1996.
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Languages : en
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Book Description
The Naval Petroleum and Oil Shale Reserves (NPOSR) produces crude oil and associated hydrocarbons from the Naval Petroleum Reserve No. 1 (NPR-1) in a manner to achieve the greatest value and benefits to the US taxpayer. As required by the 1996 National Defense Authorization Act, the Department of Energy offered NPR-1 for sale during FY 1997. DOE structured the sale so as to offer two types of ownership segments: one operatorship segment, consisting of 74% of the US interest in NPR-1, and 13 nonoperating segments, each consisting of 2% of the US interest. Potential purchasers could bid on one, some, or all of the segments. If a single purchaser wanted to buy all of the Government's interest, then its bid would have to exceed the total of the highest bids for all of the individual segments. Bids were due October 1, 1997, at which time DOE received 22 bids from 15 parties acting alone or in concert. The report and management letter present the results of the independent certified public accountants' audits of the Department of Energy's Naval Petroleum Reserve Number 1 (NPR-1) financial statements as of, and for the years ended, September 30, 1997 and 1996.
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Languages : en
Pages : 63
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During fiscal year 1992, the reserves generated $473 million in revenues, a $181 million decrease from the fiscal year 1991 revenues, primarily due to significant decreases in oil and natural gas prices. Total costs were $200 million, resulting in net cash flow of $273 million, compared with $454 million in fiscal year 1991. From 1976 through fiscal year 1992, the Naval Petroleum and Oil Shale Reserves generated more than $15 billion in revenues and a net operating income after costs of $12.5 billion. In fiscal year 1992, production at the Naval Petroleum Reserves at maximum efficient rates yielded 26 million barrels of crude oil, 119 billion cubic feet of natural gas, and 164 million gallons of natural gas liquids. From April to November 1992, senior managers from the Naval Petroleum and Oil Shale Reserves held a series of three workshops in Boulder, Colorado, in order to build a comprehensive Strategic Plan as required by Secretary of Energy Notice 25A-91. Other highlights are presented for the following: Naval Petroleum Reserve No. 1--production achievements, crude oil shipments to the strategic petroleum reserve, horizontal drilling, shallow oil zone gas injection project, environment and safety, and vanpool program; Naval Petroleum Reserve No. 2--new management and operating contractor and exploration drilling; Naval Petroleum Reserve No. 3--steamflood; Naval Oil Shale Reserves--protection program; and Tiger Team environmental assessment of the Naval Petroleum and Oil Shale Reserves in Colorado, Utah, and Wyoming.
Author: United States. Congress. Senate. Committee on Naval Affairs
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Category : Oil-shales
Languages : en
Pages : 60
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Category :
Languages : en
Pages : 62
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During fiscal year 1993, the reserves generated $440 million in revenues, a $33 million decrease from the fiscal year 1992 revenues, primarily due to significant decreases in oil and natural gas prices. Total costs were $207 million, resulting in net cash flow of $233 million, compared with $273 million in fiscal year 1992. From 1976 through fiscal year 1993, the Naval Petroleum and Oil Shale Reserves generated $15.7 billion in revenues for the US Treasury, with expenses of $2.9 billion. The net revenues of $12.8 billion represent a return on costs of 441 percent. See figures 2, 3, and 4. In fiscal year 1993, production at the Naval Petroleum and Oil Shale Reserves at maximum efficient rates yielded 25 million barrels of crude oil, 123 billion cubic feet of natural gas, and 158 million gallons of natural gas liquids. The Naval Petroleum and Oil Shale Reserves has embarked on an effort to identify additional hydrocarbon resources on the reserves for future production. In 1993, in cooperation with the US Geological Survey, the Department initiated a project to assess the oil and gas potential of the program's oil shale reserves, which remain largely unexplored. These reserves, which total a land area of more than 145,000 acres and are located in Colorado and Utah, are favorably situated in oil and gas producing regions and are likely to contain significant hydrocarbon deposits. Alternatively the producing assets may be sold or leased if that will produce the most value. This task will continue through the first quarter of fiscal year 1994.
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Category : Government publications
Languages : en
Pages : 1146
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Category : Petroleum reserves
Languages : en
Pages : 48
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Author: United States. Navy Department
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Category : Naval art and science
Languages : en
Pages : 1298
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