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U.S. OCS Upstream Fiscal and Regulatory Report - US Administration Opens Up Federal Waters for Exploration

U.S. OCS Upstream Fiscal and Regulatory Report - US Administration Opens Up Federal Waters for Exploration

Summary

U.S. OCS Upstream Fiscal and Regulatory Report - US Administration Opens Up Federal Waters for Exploration, presents the essential information relating to the terms which govern investment into United States’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 United States’s upstream oil and gas investment climate.

Scope

  • Overview of current fiscal terms governing upstream oil and gas operations in United States
  • Assessment of the current fiscal regime’s state take and attractiveness to investors
  • Charts illustrating the regime structure, and legal and institutional frameworks
  • Detail on legal framework and governing bodies administering the industry
  • Levels of upfront payments and taxation applicable to oil and gas production
  • Information on application of fiscal and regulatory terms to specific licenses
  • Outlook on future of fiscal and regulatory terms in United States
Reasons to buy
  • Understand the complex regulations and contractual requirements applicable to United States’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


  • Regime Overview
    • Table Regime Overview
    • Table Figure 1: Regime Flow Chart
  • State Take Assessment
    • Table Figure 2: US OCS, Indicative NPV10/boe, IRR and State Take Comparison, Regional
  • Key Fiscal Terms
    • Royalties, Bonuses and Fees
      • Bonus
        • Table US OCS Average Bonus Per Acre in Recent Lease Sales (US$)
      • Rental
        • Table US OCS, Gulf of Mexico Rental Rates (US$ per acre)
        • Table US OCS, Gulf of Mexico Rental Program R1, R2, R3, R4, R5 and R6 (US$ per acre)
      • Royalty
        • Table US OCS, Gulf of Mexico Royalty Rates (%)
        • Table US OCS, Gulf of Mexico Deepwater Royalty Relief Volumes (mmboe)
        • Table US OCS, Gulf of Mexico Deepwater Royalty Relief Price Threshold in (US$)
        • Table US OCS, Gulf of Mexico Shallow Water Deep Gas Royalty Relief Volumes (bcf)
        • Table US OCS, Alaska Suspension Volume (mmboe)
    • Direct Taxation
      • Corporate Income Tax
        • Table US OCS, Historical Income Tax Rate (%), 1993 onwards
      • Deductions and Depreciation
        • Table US OCS, Depreciation of assets in (%)
        • Table US OCS, Recovery period of depreciable assets in (years)
        • Table US OCS, Bonus Depreciation
      • Depletion Allowance
      • Carbon Credit for Enhanced Oil Recovery
      • Withholding Tax
    • Indirect Taxation
      • Value Added Tax
      • Custom Duties
  • Regulation and Licensing
    • Legal Framework
      • Table Figure 3: US OCS, Legal Framework
      • Governing Law
      • Contract Type
      • Title to Hydrocarbons
    • Institutional Framework
      • Table Figure 4: US OCS, Institutional Framework
      • Licensing Authority
      • Regulatory Agency
    • Licensing Process
      • Licensing Rounds
      • Pre-Qualification
      • Bidding
    • License Terms
      • Duration and Relinquishments
        • Table US OCS, Gulf of Mexico, Initial Period (years), 2015
      • Work Obligation
    • Local Content
  • Outlook
  • Appendix
    • Contact Us
    • Disclaimer

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