Information and Bidding Behavior by Major Oil Companies for Outer Continental Shelf Leases: Is the Joint Bidding Ban Justified?
The Energy Policy and Conservation Act (PL 94-163), signed into law in December 1975, forbade oil companies that produced the equivalent of 1.6 million barrels of oil per day (mbd) worldwide from bidding jointly for outer continental shelf (OCS) leases. The U.S. Department of the Interior adopted re...
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Veröffentlicht in: | Energy J.; (United States) 1981-07, Vol.2 (3), p.71-90 |
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description | The Energy Policy and Conservation Act (PL 94-163), signed into law in December 1975, forbade oil companies that produced the equivalent of 1.6 million barrels of oil per day (mbd) worldwide from bidding jointly for outer continental shelf (OCS) leases. The U.S. Department of the Interior adopted regulations to that effect. The Outer Continental Shelf Lands Act Amendment of 1978 (PL 95-372) modified the 1975 law. This amendment gives the Secretary of the Interior the power to conduct periodic reviews of production rates by petroleum producers and to ban from joint bidding any person or firm that produced, during a prior six-month period specified by the secretary, an average of 1.6 mbd. |
doi_str_mv | 10.5547/ISSN0195-6574-EJ-Vol2-No3-6 |
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The U.S. Department of the Interior adopted regulations to that effect. The Outer Continental Shelf Lands Act Amendment of 1978 (PL 95-372) modified the 1975 law. 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The U.S. Department of the Interior adopted regulations to that effect. The Outer Continental Shelf Lands Act Amendment of 1978 (PL 95-372) modified the 1975 law. This amendment gives the Secretary of the Interior the power to conduct periodic reviews of production rates by petroleum producers and to ban from joint bidding any person or firm that produced, during a prior six-month period specified by the secretary, an average of 1.6 mbd.</description><subject>02 PETROLEUM</subject><subject>021000 - Petroleum- Legislation & Regulations</subject><subject>294002 - Energy Planning & Policy- Petroleum</subject><subject>Application programming interfaces</subject><subject>Bidding</subject><subject>BIDS</subject><subject>Companies</subject><subject>COMPETITION</subject><subject>Continental shelves</subject><subject>Energy conservation</subject><subject>ENERGY PLANNING, POLICY AND ECONOMY</subject><subject>Energy policy</subject><subject>Federal legislation</subject><subject>Fossil fuels</subject><subject>INDUSTRY</subject><subject>Joint ventures</subject><subject>Law</subject><subject>Leases</subject><subject>LEASING</subject><subject>Leasing companies</subject><subject>Nonmajor students</subject><subject>OFFSHORE SITES</subject><subject>Oil</subject><subject>Oil companies</subject><subject>Petroleum</subject><subject>PETROLEUM INDUSTRY</subject><subject>Probabilities</subject><issn>0195-6574</issn><issn>1944-9089</issn><fulltext>true</fulltext><rsrctype>article</rsrctype><creationdate>1981</creationdate><recordtype>article</recordtype><sourceid>K30</sourceid><sourceid>7TQ</sourceid><recordid>eNqNkUtvEzEUhUcIJELhJyBZdD3g9wMWiEYBEoV2EWBrOTN3GkcTO9gOUlf8dRwNFFYIb2xdfeeca52muST4pRBcvVpuNteYGNFKoXi7WLVf40jb68ha-aCZEcN5a7A2D5vZPfW4eZLzHtfDlZ41P5ZhiOngio8BudCjK9_3PtyiK9i57z4mtL1Dn9y-Pm78iObxcHTBQ0bDeXIqkOosFB8gFDeizQ7GAa3BZciv0TKjsgO0ij6UP8YuoNUpFz946N8-bR4Nbszw7Nd90Xx5v_g8_9iubz4s5-_WbceolO2W1M846DXTHXZb4oAyg4deUCIJdVLRjgDfSiG06hUTpANQQ28wowPHSrOL5sXkG2uyzZ0v0O26GAJ0xUrMhSaqQpcTdEzx2wlysft4SqHuZRk2WmFppPkXRahh3NQ8Xqk3E9WlmHOCwR6TP7h0Zwm25_Ls7_LsuRa7WNlzebaWZ2VV60md3S385f9f0ueTdJ9LTPepnDBKBKHsJ3J9qWQ</recordid><startdate>198107</startdate><enddate>198107</enddate><creator>Millsaps, Steven W.</creator><creator>Ott, Mack</creator><general>Oelgeschlager, Gunn & Hain, Publishers, Inc</general><general>SAGE Publications</general><general>Oelgeschlager, Gunn & Hain, Publishers</general><general>International Association for Energy Economics</general><scope>AAYXX</scope><scope>CITATION</scope><scope>K30</scope><scope>PAAUG</scope><scope>PAWHS</scope><scope>PAWZZ</scope><scope>PAXOH</scope><scope>PBHAV</scope><scope>PBQSW</scope><scope>PBYQZ</scope><scope>PCIWU</scope><scope>PCMID</scope><scope>PCZJX</scope><scope>PDGRG</scope><scope>PDWWI</scope><scope>PETMR</scope><scope>PFVGT</scope><scope>PGXDX</scope><scope>PIHIL</scope><scope>PISVA</scope><scope>PJCTQ</scope><scope>PJTMS</scope><scope>PLCHJ</scope><scope>PMHAD</scope><scope>PNQDJ</scope><scope>POUND</scope><scope>PPLAD</scope><scope>PQAPC</scope><scope>PQCAN</scope><scope>PQCMW</scope><scope>PQEME</scope><scope>PQHKH</scope><scope>PQMID</scope><scope>PQNCT</scope><scope>PQNET</scope><scope>PQSCT</scope><scope>PQSET</scope><scope>PSVJG</scope><scope>PVMQY</scope><scope>PZGFC</scope><scope>SDSKB</scope><scope>7SP</scope><scope>7TB</scope><scope>7TQ</scope><scope>8FD</scope><scope>DHY</scope><scope>DON</scope><scope>FR3</scope><scope>KR7</scope><scope>L7M</scope><scope>OTOTI</scope></search><sort><creationdate>198107</creationdate><title>Information and Bidding Behavior by Major Oil Companies for Outer Continental Shelf Leases: Is the Joint Bidding Ban Justified?</title><author>Millsaps, Steven W. ; 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(United States)</jtitle></facets><delivery><delcategory>Remote Search Resource</delcategory><fulltext>fulltext</fulltext></delivery><addata><au>Millsaps, Steven W.</au><au>Ott, Mack</au><format>journal</format><genre>article</genre><ristype>JOUR</ristype><atitle>Information and Bidding Behavior by Major Oil Companies for Outer Continental Shelf Leases: Is the Joint Bidding Ban Justified?</atitle><jtitle>Energy J.; (United States)</jtitle><date>1981-07</date><risdate>1981</risdate><volume>2</volume><issue>3</issue><spage>71</spage><epage>90</epage><pages>71-90</pages><issn>0195-6574</issn><eissn>1944-9089</eissn><abstract>The Energy Policy and Conservation Act (PL 94-163), signed into law in December 1975, forbade oil companies that produced the equivalent of 1.6 million barrels of oil per day (mbd) worldwide from bidding jointly for outer continental shelf (OCS) leases. The U.S. Department of the Interior adopted regulations to that effect. The Outer Continental Shelf Lands Act Amendment of 1978 (PL 95-372) modified the 1975 law. This amendment gives the Secretary of the Interior the power to conduct periodic reviews of production rates by petroleum producers and to ban from joint bidding any person or firm that produced, during a prior six-month period specified by the secretary, an average of 1.6 mbd.</abstract><cop>Los Angeles, CA</cop><pub>Oelgeschlager, Gunn & Hain, Publishers, Inc</pub><doi>10.5547/ISSN0195-6574-EJ-Vol2-No3-6</doi><tpages>20</tpages></addata></record> |
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subjects | 02 PETROLEUM 021000 - Petroleum- Legislation & Regulations 294002 - Energy Planning & Policy- Petroleum Application programming interfaces Bidding BIDS Companies COMPETITION Continental shelves Energy conservation ENERGY PLANNING, POLICY AND ECONOMY Energy policy Federal legislation Fossil fuels INDUSTRY Joint ventures Law Leases LEASING Leasing companies Nonmajor students OFFSHORE SITES Oil Oil companies Petroleum PETROLEUM INDUSTRY Probabilities |
title | Information and Bidding Behavior by Major Oil Companies for Outer Continental Shelf Leases: Is the Joint Bidding Ban Justified? |
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