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ERIC Number: EJ848328
Record Type: Journal
Publication Date: 2006-Nov
Pages: 11
Abstractor: As Provided
Reference Count: 3
ISBN: N/A
ISSN: ISSN-1069-1898
Oil and Gas on Indian Reservations: Statistical Methods Help to Establish Value for Royalty Purposes
Fowler, Mary S.; Kadane, Joseph B.
Journal of Statistics Education, v14 n3 Nov 2006
Part of the history of oil and gas development on Indian reservations concerns potential underpayment of royalties due to under-valuation of production by oil companies. This paper discusses a model used by the Shoshone and Arapaho tribes in a lawsuit against the Federal government, claiming the Government failed to collect adequate royalties. Portions of the case have been settled out of court with compensation paid to the Tribes. Other portions remain pending. This material can be used as a real example in a calculus-based probability and statistics course. (Contains 1 table and 2 figures.)
American Statistical Association. 732 North Washington Street, Alexandria, VA 22314. Tel: 703-684-1221; Tel: 888-231-3473; Fax: 703-684-2037; e-mail: asainfo@amstat.org; Web site: http://www.amstat.org/publications/jse
Publication Type: Journal Articles; Reports - Descriptive
Education Level: N/A
Audience: N/A
Language: English
Sponsor: N/A
Authoring Institution: N/A
Identifiers - Location: Montana; Wyoming