Watching Government: EIA's production report

03/26/2012
The US Energy Information Administration released a special report in early March that provided more detail on production of fossil fuels from onshore and offshore federal leases as well as Indian lands in the 2003-11 fiscal period. Although EIA regularly publishes production summaries in its annual energy outlook, the new report included previously excluded categories, such as volumes on which no royalties were paid due to lease provisions and those which were transferred to the US Strategic Petroleum Reserve under the old royalty-in-kind program. It also reported sales entirely in the year that they occurred, instead of some sales when royalties were collected. Consequently, said EIA, t...
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