The Naval Petroleum Reserves: Proposed Sale and Issues
Description:
The Naval Petroleum Reserves (NPR)--consisting of the large Elk Hills Field in California and smaller fields at Buena Vista Hills (CA) and Teapot Dome (WY)--were established in the early 1900s. Congress authorized full production of the NPR in 1976. Production at Elk Hills, the most significant field, peaked at 181,000 barrels per day (b/d) in 1981; currently, it is 65,000 b/d. The Clinton Administration earmarked the NPR for sale in its FY1996 budget, estimating its gross value at $2.6 billion.
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Date:
March 14, 1996
Creator:
Bamberger, Robert L.
Item Type:
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Report
Partner:
UNT Libraries Government Documents Department