If you got a question, look no further.
We post the most common questions
in our FAQ section.
Please fill in the form below to receive a Free Sample of the Report.
Summary“US OCS Upstream Fiscal and Regulatory Report - Next Steps on 2017-2022 Lease Sale Program Expected in 2016”, GlobalData's latest release, presents the essential information relating to the terms which govern investment into the US Outer Continental Shelf (OCS)'s upstream oil and gas sector. The report sets out in detail the contractual framework under which firms must operate in the industry, clearly defining factors affecting profitability and quantifying the state's take from hydrocarbon production. Considering political, economic and industry specific variables, the report also analyses future trends for the US OCS's upstream oil and gas investment climate.Scope- Overview of current fiscal terms governing upstream oil and gas operations in the US OCS- Detail on legal framework and governing bodies administering the industry- Levels of upfront payments and taxation applicable to oil and gas production- Explanation of the royalty relief programs available to operators in certain areas- Assessment of the current fiscal regime's attractiveness to investors- Outlook on future of fiscal and regulatory terms in the US OCSReasons to buy- Understand the complex regulations and contractual requirements applicable to the US OCS's upstream oil and gas sector- Evaluate factors determining profit levels in the industry- Identify potential regulatory issues facing investors in the country's upstream sector- Utilize considered insight on future trends to inform decision-making
1 Table of Contents1 Table of Contents 11.1 List of Tables 21.2 List of Figures 22 Regime Overview 33 Fiscal Take Assessment 54 Key Fiscal Terms 64.1 Upfront Payments 64.1.1 Bonus 64.1.2 Rental 64.1.3 Royalty 74.2 Direct Taxation 104.2.1 Corporate Income Tax 104.2.2 Withholding Tax 104.2.3 Deductions and Depreciation 104.2.4 Depletion Allowance 115 Regulation and Licensing 125.1 Legal Framework 125.1.1 Governing Law 125.1.2 Contract Type 125.1.3 Title to Hydrocarbons 125.2 Institutional Framework 135.2.1 Licensing Authority 135.2.2 Regulatory Agencies 135.3 Licensing Process 135.3.1 Moratorium 145.4 License Terms 145.4.1 Duration 145.4.2 Exploration and Development Plans 146 Outlook 157 Contact Information 161.1 List of TablesTable 1: Summary 3Table 2: US OCS, Average Bonus Per Acre in Latest Lease Sale (US$), 2015 6Table 3: US OCS, Gulf of Mexico Rental Rates ($ per acre) 6Table 4: US OCS, Gulf of Mexico Rental Programs 6Table 5: US OCS, Gulf of Mexico Royalty Rates (%) 7Table 6: US OCS, Gulf of Mexico Deepwater Royalty Relief Volumes (mmboe) 7Table 7: US OCS, Gulf of Mexico Deepwater Royalty Relief Price Thresholds, 1994-2015 8Table 8: US OCS, Gulf of Mexico Shallow Water Deep Gas Royalty Relief Volumes (bcf) 8Table 9: US OCS, Gulf of Mexico Shallow Water Deep Gas Royalty Relief Price Thresholds, 2000-2015 9Table 10: US OCS, Alaska Royalty Suspension Volume (mmbbl) 9Table 11: US OCS, Federal Corporate Income Tax Rate (%), 1993 onwards 10Table 12: US OCS, 7-Year & 5-Year GDS Depreciation Rates (Half-Year Convention) (%) 11Table 13: US OCS, Gulf of Mexico, Initial Period (years), 2015 141.2 List of FiguresFigure 1: Regime Flow Chart 4Figure 2: US OCS, Indicative NPV10/boe, IRR and Fiscal Take Comparison - Internal, 2015 5Figure 3: US OCS, Indicative NPV10/boe, IRR and Fiscal Take Comparison - Regional, 2015 5Figure 4: US OCS, Legal Framework 12Figure 5: US OCS, Institutional Framework 13