Bidding and production relationships for federal OCS leases: Statistical studies of wildcat leases, Gulf of Mexico, 1962, and prior sales
By: John Lohrenz and Hillary A. Oden
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Abstract
The relationships between bids received on wildcat leases issued on federal OCS lands in the Gulf of Mexico from 1954 through 1962 and subsequent drilling on, production from, and relinquishment of these leases were studied. The results provided quantitative answers to questions regarding bidding as prescribed by current laws and regulations. Perhaps the most notable result is the finding that, while leases receiving the most and highest bids tend, on the average, to produce more revenue, such leases tend to produce less revenue per dollar of bonus spent on the lease.
Study Area
| Publication type | Conference Paper |
|---|---|
| Publication Subtype | Conference Paper |
| Title | Bidding and production relationships for federal OCS leases: Statistical studies of wildcat leases, Gulf of Mexico, 1962, and prior sales |
| DOI | 10.2118/4498-MS |
| Year Published | 1973 |
| Language | English |
| Publisher | Society of Petroleum Engineers |
| Description | SPE-4498-MS |
| Larger Work Type | Book |
| Larger Work Subtype | Conference publication |
| Conference Title | Fall Meeting of the Society of Petroleum Engineers of AIME |
| Conference Location | Las Vegas, Nevada, United States |
| Conference Date | September 30-October 3, 1973 |
| Country | United States |
| Other Geospatial | Gulf of Mexico |
| Google Analytic Metrics | Metrics page |