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This document outlines the results and amounts associated with noncompetitive oil and gas leasing for specific entities, detailing financial entries and submissions relevant to the industry.
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How to fill out september 2008 oil gas
How to fill out September 2008 Oil & Gas Noncompetitive Results
01
Gather all necessary documents and information regarding the oil and gas leases.
02
Obtain the official form for September 2008 Oil & Gas Noncompetitive Results from the relevant authority's website.
03
Read the instructions carefully to understand the criteria and requirements.
04
Enter the lease numbers in the designated fields on the form.
05
Fill out the descriptions and details of the noncompetitive bids associated with each lease.
06
Ensure to indicate the amounts and any relevant data as required by the form.
07
Review all entries for accuracy and completeness.
08
Submit the completed form by the specified deadline.
Who needs September 2008 Oil & Gas Noncompetitive Results?
01
Oil companies and operators looking to evaluate their noncompetitive lease results.
02
Investors and stakeholders in the oil and gas industry monitoring lease performance.
03
Regulatory agencies and government bodies overseeing oil and gas leases.
04
Environmental organizations assessing impacts of oil and gas development.
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People Also Ask about
What was the oil price crash in 2008?
The crisis eventually triggered a wave of deflation and liquidation that took values of all assets, including oil and gas, lower. Oil prices crashed from $133.88 per barrel in June 2008 to $39.09 in February 2009 while natural gas prices fell from $12.69 per MMBtu to $4.52 over the timeframe.
When was oil $30 per barrel?
The global financial crisis and the subsequent collapse of demand then precipitated a spectacular oil price fall in 2008–2009, when oil collapsed to a low point of $30 per barrel in December 2008. The recovery from the 2008 collapse was relatively quick.
What caused high gas prices in 2008?
Crude oil and gasoline prices reached record highs in 2008 Significantly higher demand in China, the Middle East, and Latin America, combined with market uncertainty in world supply, contributed to the run-up in oil prices and, in turn, to record-high gasoline prices in the United States.
What caused the 2008 oil crisis?
Whereas previous oil price shocks were primarily caused by physical disrup- tions of supply, the price run-up of 2007–08 was caused by strong demand confronting stagnating world production.
How much was oil a barrel in 2018?
Price per barrel fell again in 2015 ($49/barrel) when supply outweighed demand. Global inventories grew at a rate of 1.72 million barrels a day, reaching levels not seen since 1996. Prices then rose in 2018 ($65/barrel) following an OPEC agreement to cut production by 1.2 million barrels a day.
When did oil drop to $30 a barrel?
The global financial crisis and the subsequent collapse of demand then precipitated a spectacular oil price fall in 2008–2009, when oil collapsed to a low point of $30 per barrel in December 2008. The recovery from the 2008 collapse was relatively quick.
How high did oil go in 2008?
2008: oil prices peak at $145.85 then bottom at $32 By August 13, prices had fallen to $113 a barrel. By the middle of September, oil price fell below $100 for the first time in over six months, falling below $92 in the aftermath of the Lehman Brothers bankruptcy.
When was oil $40 a barrel?
The last time Brent was trading below $40 a barrel was in early 2020. In the case of a "typical" US recession, the investment bank forecasts Brent at $58 a barrel in December 2025 and $50 in December 2026. Oil prices are sensitive to macroeconomic changes since energy is a key input for nearly all industries.
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What is September 2008 Oil & Gas Noncompetitive Results?
The September 2008 Oil & Gas Noncompetitive Results refer to the outcome of the oil and gas lease sales conducted during that month, indicating which parcels were leased and the details of the noncompetitive bids.
Who is required to file September 2008 Oil & Gas Noncompetitive Results?
Entities and individuals who participated in noncompetitive oil and gas lease sales during September 2008 are required to file the results.
How to fill out September 2008 Oil & Gas Noncompetitive Results?
To fill out the September 2008 Oil & Gas Noncompetitive Results, one needs to provide information such as the lease number, applicant's details, and compliance with application requirements in the designated form.
What is the purpose of September 2008 Oil & Gas Noncompetitive Results?
The purpose of the September 2008 Oil & Gas Noncompetitive Results is to document and publicly announce the results of noncompetitive lease sales, promoting transparency and accountability in resource management.
What information must be reported on September 2008 Oil & Gas Noncompetitive Results?
Information that must be reported includes the lease number, the name of the successful applicant, the area and location of the lease, and the bid amount offered.
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