The People of America's Oil and Natural Gas Indusry

Energy Tomorrow Blog

offshore-energy-development  offshore-leasing-plan  safe-operations  us-energy-security  economic-growth 

Mark Green

Mark Green
Posted October 12, 2017

What we see here are the outlines of a serious disconnect between current U.S. offshore policy and reality – that with the U.S. and the world projected to see significant growth in energy demand, the United States has more than 90 percent of its offshore reserves locked away, unavailable even for the studies and tests needed to determine the potential size and location of those reserves.

Given the long lead times needed to develop the offshore, the United States’ current policy posture needs a course correction. 

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offshore-energy  offshore-leasing-plan  us-energy-security  economic-growth  jobs 

Mark Green

Mark Green
Posted June 29, 2017

The Trump administration is taking the first step to more fully harness the United States’ offshore oil and natural gas wealth, beginning work on a new five-year offshore leasing plan – the federal blueprint for future offshore development. It’s great news for America’s future energy security, for consumers and our economy.

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offshore-energy-development  atlantic-ocs  offshore-leasing-plan  economic-growth  jobs  us-energy-security 

Mark Green

Mark Green
Posted March 14, 2016

When BOEM releases its final program, perhaps this week, watch the Atlantic. A decision to keep the Atlantic lease sale in the five-year plan will say volumes about the administration’s view of offshore energy development. Erik Milito, API director of upstream and industry operations, joined representatives of two other organizations on a conference call with reporters to discuss the next leasing program:

“The possible benefits for developing oil and natural gas off of the Atlantic coast are numerous. The most promising areas for development run all the way from the coasts of Maine to Florida. Official government figures project the possibility of nearly 5 billion barrels of oil and over 37 trillion cubic feet of gas contained by this section of the Atlantic Shelf. This is American energy security, American jobs, U.S. government revenue and American GDP tied up by political red tape. This is a once-in-a-generation opportunity, stuck, off limits to future generations as it waits for forward-looking energy policy.”

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offshore-leasing-plan  atlantic-ocs  oil-and-natural-gas-development  boem  economic-benefits 

Mark Green

Mark Green
Posted March 2, 2016

Last year, when federal officials released the proposal for the next five-year offshore drilling plan, we said the draft had some positive aspects but fell short of the kind of strategic offshore planning that would adequately serve America’s role as an energy superpower. We also noted strong support for offshore development by mid-Atlantic states, where operations could occur under the draft plan.

Fast-forward to this month, with the Bureau of Ocean Energy Management (BOEM) expected to reassess a plan that would be the blueprint for offshore energy development from 2017 through 2022. The need for a robust offshore leasing plan remains critically important – and the plan should retain the single Atlantic lease sale that was included in BOEM’s draft.

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analysis  offshore-energy  offshore-leasing-plan  atlantic-ocs  outer-continental-shelf  oil-and-natural-gas-development  safe-operations  boem  interior-department 

Mark Green

Mark Green
Posted April 30, 2015

It’s noteworthy that there’s bipartisanship in Congress on offshore energy development. Last week a group of Republican U.S. House and Senate members signed onto a letter urging the Interior Department to increase access to energy reserves on the nation’s outer continental shelf. It follows a March 26 letter from Virginia’s two Democratic senators and a March 27 letter from a dozen House Democrats supporting offshore energy development.

Bipartisanship in Washington is quite a rare bird, so it’s significant to see it form around the need to develop domestic offshore energy.

Equally important: Strongly worded concern from the most recent letter’s signers that the draft 2017-2022 plan for oil and natural gas leasing offered by the Bureau of Ocean Energy Management not be weakened by removing any of the leasing areas in the proposal.

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crude-oil-production  offshore-leasing-plan  atlantic-ocs  keystone-xl-pipeline  ethanol  fracking  shale-plays 

Mark Green

Mark Green
Posted April 17, 2015

BloombergBusiness: The U.S. pumped crude last month at the fastest pace since February 1973, sending March inventories to the highest level in 85 years.

Crude output climbed 13 percent from a year earlier to 9.32 million barrels a day in March, the American Petroleum Institute said in a monthly report Thursday. Production of natural gas liquids, a byproduct of gas drilling, climbed 9.1 percent to 3.05 million, a record for March. The combination of horizontal drilling and hydraulic fracturing, or fracking, has unlocked supplies from shale formations in the central U.S.

“Production of both crude oil and natural gas liquids last month remained at the highest levels in decades even as rig counts reached a five-year low,” John Felmy, chief economist at the API in Washington, said in an e-mailed statement.

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offshore-leasing-plan  offshore-access  oil-and-natural-gas-development  boem  economic-benefits  atlantic-ocs  eastern-gulf  pacific  alaska 

Mark Green

Mark Green
Posted March 31, 2015

There are a number of main points in official comments submitted by API and seven other energy industry groups to the federal Bureau of Ocean Energy Management (BOEM) on its draft offshore oil and natural gas leasing program for the 2017-2022 time period.

Given how much offshore acreage was excluded from the proposed draft, BOEM should not remove any areas proposed in the draft from the final lease plan, the associations write. The government is missing key opportunities to harness U.S. offshore energy in the Atlantic, eastern Gulf of Mexico and off Alaska, as other countries are implementing robust offshore development programs. Energy development on the outer continental shelf (OCS) would generate significant job and economic benefits to the U.S., and industry continues to press ahead with technological, safety and environmental protection improvements – all designed to foster increased safety in offshore operations.

The comments are among those being collected by BOEM before it finalizes the five-year leasing program later this year. The leasing plan is a blueprint for offshore development; areas not listed in it won’t be offered for lease 2017 to 2022. Given the 10 to 15 years needed to develop offshore oil and natural gas – from the time the lease is sold to production – the federal plan is critically important.   

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atlantic-ocs  outer-continental-shelf  offshore-drilling  offshore-leasing-plan  oil-and-natural-gas-development  jobs  government-revenues 

Mark Green

Mark Green
Posted December 13, 2013

Last week we posted on a new study showing tremendous economic and energy benefits to opening the U.S. Atlantic Outer Continental Shelf (OCS) to offshore oil and natural gas development. The folks at the National Ocean Industries Association have a video out that captures the study’s highlights in a little over a minute.

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access  alaska  chukchi-sea  deepwater-drilling  delaware  domestic-energy  energy-policy  florida  government-revenue  gulf-of-mexico  leasing  offshore-drilling  president-obama  beaufort-sea  offshore-leasing-plan 

Jane Van Ryan

Jane Van Ryan
Posted December 2, 2010

In a major policy reversal, the Obama administration yesterday announced that it would not include potentially energy-rich areas of the eastern Gulf of Mexico, the Atlantic, and the Pacific in the government's next five-year offshore leasing plan. Further, the administration also officially delayed the next two lease sales for the central and western Gulf.

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