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Oil and Gas Revenue Forecasting: New Mexico State Land Office

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Please use this identifier to cite or link to this item: http://hdl.handle.net/1928/20578

Oil and Gas Revenue Forecasting: New Mexico State Land Office

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Title: Oil and Gas Revenue Forecasting: New Mexico State Land Office
Author: Bureau of Business and Economic Research
Subject(s): Forecasting
Revenues
Natural gas production
Oil production
Royalties
Oil and gas leasing
New Mexico State Land Office
Econometric models
Abstract: The New Mexico State Land Office (SLO) asked the UNM Bureau of Business and Economic Research (BBER) to explore alternative methods for estimating revenues from SLO oil and natural gas leases. BBER analysts collected data on oil and natural gas production, prices, and state revenues from the SLO, the ONGARD computer system, and other sources. This report presents BBER's findings in three sections: a review of the legal issues pertaining to SLO oil and gas leasing; a discussion of methodologies and analysis of BBER and SLO models for forecasting bonus payments; and a discussion of methodologies and analysis of models for forecasting royalty revenues. Illustrated with tables, color charts, and maps.
Date: 2011-07
Publisher: University of New Mexico, Bureau of Business and Economic Research
URI: http://hdl.handle.net/1928/20578

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