National Commission on the BP Deepwater Horizon Spill and Offshore Drilling

National Commission on the BP Deepwater Horizon Spill and Offshore Drilling

Date: July 25, 2011
Creator: National Commission on the BP Deepwater Horizon Oil Spill and Offshore Drilling
Description: This website is for the National Commission on the BP Deepwater Horizon Oil SpilUnited States. Office of Fossil Energyl and Offshore Drilling, established by President Barack Obama on May 21, 2010. The Commission examined the relevant facts and circumstances concerning the root causes of the Deepwater Horizon explosion and developed options to guard against, and mitigate the impact of, any oil spills associated with offshore drilling in the future. This included recommending improvements to federal laws, regulations, and industry practices. The website contains detailed information about each of the commission's meetings, the commission's final reports, and other related resources.
Contributing Partner: UNT Libraries Digital Projects Unit
Deepwater Horizon Response: Gulf of Mexico Oil Spill Response

Deepwater Horizon Response: Gulf of Mexico Oil Spill Response

Date: September 10, 2010
Creator: Deepwater Horizon Unified Command
Description: This website served as the focal point for the Deepwater Horizon Unified Command, a group of organizations that had involvement with the British Petroleum (BP) explosion and oil spill that occurred in the Gulf of Mexico in April 2010. The website includes news feeds and information about health concerns, volunteer opportunities, contact information, and ongoing plans for the area. Various maps of the event and other resources are also available, chronicling the problem and the steps taken by the member organizations to deal with the effects.
Contributing Partner: UNT Libraries Government Documents Department
Regulation and Political Costs in the Oil and Gas Industry: An Investigation of Discretion in Reporting Earnings and Oil and Gas Reserves Estimates

Regulation and Political Costs in the Oil and Gas Industry: An Investigation of Discretion in Reporting Earnings and Oil and Gas Reserves Estimates

Date: August 2010
Creator: Kurdi, Ammr
Description: This study investigates the use of discretion by oil and gas companies in reporting financial performance and oil and gas reserve estimates during times of high political scrutiny resulting from increases in energy prices. Hypotheses tested in prior literature state that companies facing the risk of increasing taxes or new regulations reduce reported earnings to reduce this risk. This study uses a measure of high profitability (rank order of return on assets relative to industry peers) to identify oil and gas companies more likely to manage earnings during the period from 2002 to 2008. Two measures of discretionary accruals (total and current discretionary accruals), and a measure of discretionary depreciation, depletion, and amortization (DDA) were used as indicators of discretion exercised in reporting earnings. Data on oil and gas reserve disclosures was also hand-collected from Forms 10-K to investigate whether managers use reserve estimate revisions to reduce reported earnings through increasing the annual depletion expense. Results suggest that both oil and gas refining and producing firms use negative discretionary accruals to reduce reported earnings. Results also indicate that profitability is an important determinant of the use of negative discretionary accruals by these companies regardless of the time period examined. There ...
Contributing Partner: UNT Libraries
Energy Projects on Federal Lands: Leasing and Authorization

Energy Projects on Federal Lands: Leasing and Authorization

Date: May 4, 2011
Creator: Vann, Adam
Description: The report first reviews the laws and regulations affecting leasing of federal lands for exploration and production of oil, natural gas, and coal, as well as the permits that lessees must obtain in order to explore for and produce these resources. The report also addresses existing laws and regulations that govern the use of federal lands for renewable energy projects, including geothermal, wind, and solar energy.
Contributing Partner: UNT Libraries Government Documents Department