How Interior Should Handle Congressionally Authorized Federal Coal Lease Exchange: Report to the CongressU.S. General Accounting Office, 1981 - 56 pages |
Common terms and phrases
authorizing the exchange bidding rights cash flow method coal bed correlations coal data coal lease exchange commercial quantities competitive lease sale Congress Conservation Division consummated costs demonstrated reserves Department determination developed discounted cash flow draft report drill hole drilling the exchange Emery equal value exchange agreement exchange authority exchange evaluation exchange lands fair market value Federal Coal Leasing flow economic Horn Mountain tract Intermountain Power Project issuance June 12 Kaiparowits Plateau land exchange lease exchange area million tons mining plan net present value North Horn Mountain offered and selected offered lands Power & Light Power and Light preference right leases PRLA area PRLA lands PRLA's proposed exchange proposed Utah Power prospecting permit Recommended Action Regional requirements reserve estimates right lease application Salt Lake City selected lands specific technical transportation U.S. Forest Service U.S. Geological Survey UP&L exchange USGS Bulletin 1450-B Utah coal valid Wasatch Plateau
Popular passages
Page x - Logical mining unit (LMU) means an area of land in which the recoverable coal reserves can be developed in an efficient, economical, and orderly manner as a unit with due regard to conservation of recoverable coal reserves and other resources.
Page x - Coal for which estimates of the rank, quality, and quantity have been computed, within a margin of error of less than 20 percent, from sample analyses and measurements from closely spaced and geologically well-known sample sites.
Page x - A logical mining unit is an area of land in which the coal resources can be developed in an efficient, economical, and orderly manner as a unit with due regard to conservation of coal reserves and other resources.
Page x - Material for which estimates of the quality and quantity have been computed partly from sample analyses and measurements and partly from reasonable geologic projections.
Page ix - Where minerals have been found and the evidence is of such a character that a person of ordinary prudence would be justified in the further expenditure of his labor and means, with a reasonable prospect of success, in developing a valuable mine, the requirements of the statute have been met.
Page ix - Identified resources — Specific bodies of mineral-bearing material whose location, quality, and quantity are known from geologic evidence supported by engineering measurements with respect to the demonstrated category.
Page 1 - ... to the Senate Committee on Energy and Natural Resources and the House Committee on Interior and Insular Affairs for a 60-day waiting period prior to award.
Page 5 - A Shortfall in Leasing Coal from Federal Lands: What Effect on National Energy Goals (Washington, DC: GAO, Aug.
Page 14 - ... outstanding lease. However, if the proposed exchange tract is of interest to more than one competitive lease bidder — eg, if it is of sufficient size to be mined independently of other coal properties or in conjunction with other coal properties held by two or more potential bidders — it might be desirable to offer the tract for longterm competitive leasing to permit all interested parties to bid, thus promoting competition.
Page ix - Demonstrated Reserve Base: A collective term for the sum of coal in both measured and indicated resource categories of reliability which represents 100 percent of the coal in these categories in place as of a certain date. Includes beds of bituminous coal and anthracite 28 inches or more thick and beds of subbituminous coal 60 inches or more thick that occur at depths to 1 thousand feet. Includes...