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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Bamberger, Robert L. March 14, 1996.

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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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Congressional Research Service Reports

The Congressional Research Service (CRS) is the public policy research arm of Congress. This legislative branch agency works exclusively for Members of Congress, their committees and their staff. This collection includes CRS reports from the mid-1960's through 2018—covering a variety of topics from agriculture to foreign policy to welfare.

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Creation Date

  • March 14, 1996

Added to The UNT Digital Library

  • June 11, 2005, 6:41 a.m.

Description Last Updated

  • June 12, 2020, 10:24 p.m.

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Bamberger, Robert L. The Naval Petroleum Reserves: Proposed Sale and Issues, report, March 14, 1996; Washington D.C.. (https://digital.library.unt.edu/ark:/67531/metacrs313/: accessed August 4, 2021), University of North Texas Libraries, UNT Digital Library, https://digital.library.unt.edu; crediting UNT Libraries Government Documents Department.

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