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Re:Saudi Aramco Is World’s Most Profitable Company, Far Exce... by ip26 on Monday April 01, 2019 @01:11PM (#19545567)
We sell mineral rights in the US for next to nothing, so is it really exceptional?
Re:Saudi Aramco Is World’s Most Profitable Company, Far Exce... by onetimemanytime on Monday April 01, 2019 @01:21PM (#19545676)
So if oil is found in Fed land in Alaska, Exxon will get to pump it for "next to nothing"? No special taxes, per barrel fee?
Re:Saudi Aramco Is World’s Most Profitable Company, Far Exce... by exothermic on Monday April 01, 2019 @01:43PM (#19545934)
Land acquisition costs are very low in the US (this is done through a competitive bidding process when new tracts are offered).

Royalties to the government are in the 20-30% range on a revenue basis, plus standard CIT.

This is for new land for exploration- e.g. no proven reserves at the time of the sale. If there are known reserves, then the price would be much higher but the government is not typically in the business of proving reserves themselves.

Re:Saudi Aramco Is World’s Most Profitable Company, Far Exce... by zaroth on Monday April 01, 2019 @02:39PM (#19546607)
I seem to recall reading government reports about proven reserves. I thought we had a geological department that investigated all sorts of mineral / oil / natural gas resources.
Re:Saudi Aramco Is World’s Most Profitable Company, Far Exce... by planteen on Monday April 01, 2019 @02:48PM (#19546715)
Yes, there are tons of geologic maps produced by the government that are used by oil & gas companies. Most states require data from well logs to be reported too.

I think what parent is possibly talking about is when the BLM puts up tracts for mineral lease auction that nobody wants (no economically recoverable reserves). https://www.eenews.net/stories/1060099219

Re:Saudi Aramco Is World’s Most Profitable Company, Far Exce... by mtnGoat on Monday April 01, 2019 @07:38PM (#19549507)
coal is at 12%(on BLM land), depending on who you lease from, Gold can be under 1%. What is as high as 20-30?
Re:Saudi Aramco Is World’s Most Profitable Company, Far Exce... by exothermic on Monday April 15, 2019 @02:31PM (#19667610)
You are right- I am thinking of the typical royalties paid to private land owners onshore (either 1/8th or 1/4th).

Offshore federal royalties are typically ~12.5-18.5% [1]

[1] https://www.boem.gov/note07062017/

Re:Saudi Aramco Is World’s Most Profitable Company, Far Exce... by r00fus on Monday April 01, 2019 @01:42PM (#19545918)
Alaska has a profit sharing deal with its residents so they always get some cash for the exploitation of lands.

The rest of the US is a different story.

Re:Saudi Aramco Is World’s Most Profitable Company, Far Exce... by planteen on Monday April 01, 2019 @02:38PM (#19546595)
Wyoming has mineral severance taxes to the point that there is no income tax in the state. Over 50% of the state's revenue comes from mineral severance. There is also a permanent trust there.

Colorado gets something like $100 million per year from mineral severance.

I'd be shocked if other oil producing states didn't collect severance taxes. What state are you referring to that doesn't collect anything?

Re:Saudi Aramco Is World’s Most Profitable Company, Far Exce... by selectodude on Monday April 01, 2019 @03:26PM (#19547161)
Ironically, there's only one state without a mineral severance tax, and it's California.
Re:Saudi Aramco Is World’s Most Profitable Company, Far Exce... by planteen on Monday April 01, 2019 @04:58PM (#19548150)
Wow, today I learned something. I am shocked that deep red states (Alaska, Wyoming, Texas) tax something that a deep blue state (California) does not.
Re:Saudi Aramco Is World’s Most Profitable Company, Far Exce... by ip26 on Monday April 01, 2019 @01:40PM (#19545899)
It's not actually free, but my vague memory is that most fees are something like 20% of the going market rate on private land.