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HISTORICAL EXPERIENCE WITH NONCASHBONUS
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advantages and disadvantages after-tax Alaska Alaska State Legislature analysis analyzed assumed awoom awooNi axvxs Beaufort Sea lease bonus bidding system cash bonus bidding cash flows certainty Chapter closely by royalty CM CM CM Cook Inlet cumulative Department of Oil Different Bidding Methods different bidding systems discount factor estimates examine exploration and development federal Financial Sheet future payment future production Husky Oil impact income tax investment LBOD Long Beach Mason Gaffney medium size field OCS Sale offshore Louisiana Oil and Gas oil companies oil price escalates Oil Properties Outer Continental Shelf Petrofina pre-tax present value price of oil profit share bidding profits bidding profits or royalty profits system Proponents of cash Prudhoe Bay quantitative Real Price relatively royalty tracts Sea lease sale share bidding system snNoa Thums tidelands tracts offered two-stage contracting uncertainty Walter Mead Wilmington oil field winning bid