Country report
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10 Pages

United States (Gulf of Mexico) upstream fiscal summary

United States (Gulf of Mexico) upstream fiscal summary

Report summary

The fiscal regime currently applicable for Federal OCS areas in the US comprises three key elements: signature bonus, royalty and federal corporate income tax (FIT). Signature bonus bids are used as the basis of lease awards and have been very high in recent years, particularly for certain deepwater leases. Royalty rates are fixed for each lease but the rate has been increased in recent years. Deepwater leases can benefit from a royalty-free volume allowance, which varies according to water...

What's included?

This report includes 1 file(s)

  • United States (Gulf of Mexico) upstream fiscal summary PDF - 373.05 KB 10 Pages, 5 Tables, 8 Figures

Description

Volatility in oil markets has led players in the upstream oil and gas industry to focus on reducing capital spend and operating costs. At the same time, governments need to review fiscal terms to maintain attractiveness and investment.

This country report gives an overview of the key fiscal issues for this country. If you’re interested in identifying and assessing upstream investment and expansion opportunities, this upstream fiscal summary report is your definitive commercial guide.

Potential investors, governments and companies in the oil and gas sector can use it to gain a better understanding of the critical issues for development opportunities in this country.

Wood Mackenzie's 500 dedicated analysts are located in the markets they cover. They produce forward-looking analysis at both country and asset level across the globe, backed by our robust proprietary database of trusted research. Proprietary data means a superior level of analysis that is simply not available anywhere else. Wood Mackenzie is the recognised gold standard in commercial data and analysis.

  • Executive summary
  • Current licence, equity and fiscal terms
    • Basis
    • Licence terms
    • Government equity participation
    • Fiscal terms
      • Ring fencing
      • Bonuses, rentals and fees
      • Indirect taxes
      • Royalty
      • Federal income tax
      • Product pricing
      • Summary of modelled terms
  • Fiscal stability
    • Recent history of fiscal changes
    • Stability provisions
  • Economic analysis
    • Split of the barrel and share of profit
    • Effective royalty rate and maximum government share
    • Progressivity
    • Fiscal deterrence

In this report there are 13 tables or charts, including:

  • Executive summary
    • Revenue flowchart: US GoM concession
  • Current licence, equity and fiscal terms
    • Bonuses, rentals and fees
    • Assumed terms by location - oil and gas
  • Fiscal stability
    • Timeline
    • Timeline detail
  • Economic analysis
    • Split of the barrel - oil
    • Split of the barrel - gas
    • Effective royalty rate - shelf and deepwater, oil and gas
    • Maximum government share - shelf and deepwater, oil and gas
    • Economic analysis: Image 3
    • Economic analysis: Image 4
    • Economic analysis: Image 5
    • Economic analysis: Image 6
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