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Energy Tomorrow Blog

Offshore Energy’s Fair Share

offshore development  royalty payments  gulf of mexico 

Mark Green

Mark Green
Posted October 24, 2019

As the New York Times launches another attack on congressionally mandated support for U.S. offshore development in the Gulf of Mexico, some facts are in order:

The Deep Water Royalty Relief Act enacted by Congress in 1995 was designed to help spur deep water offshore production as the U.S. faced increasing dependence on imported oil – and the courts found that its intent is clear. Background on the act here and here.

The false claim that there is a royalty relief “loophole,” asserted by the Times and others, omits the fact that between 2000 and 2018 natural gas and oil companies paid more than $122 billion to the government in high bids, royalties and rents. Add to that tens of billions the industry spent to develop those leases, creating jobs and boosting local and regional economies – an integral part of industry’s $1.3 trillion overall support for the U.S. economy.

Today, U.S. Gulf production is setting records, averaging 1.8 million barrels per day (b/d) in 2018 and expected by the government to reach 1.9 million b/d this year and 2 million b/d in 2020. This production generates millions in revenue-sharing dollars for coastal states, as well as the Land and Water Conservation Fund, which supports state conservation and outdoor recreation projects all across the country.


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Affordable and Reliable Offshore Energy is a Benefit to Floridians

access  economic benefits  exploration  offshore development  florida  spill 

Jessica  Lutz

Jessica Lutz
Posted August 15, 2018

Increased access to America’s offshore natural gas and oil would bring far-reaching benefits to coastal states, and the entire country. This is precisely why the diverse, bipartisan “Explore Offshorecoalition gathered today in Florida: because the strategic interests of Florida and our nation are tied to responsible development of offshore natural gas and oil..

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Virginia Business Leaders Bullish on Offshore Energy

virginia  offshore development  economic benefits  business  spill 

Mark Green

Mark Green
Posted March 29, 2018

Recent analysis of the potential economic benefits of offshore natural gas and oil, finding that coastal states and the nation could see billions in annual industry spending, job creation and federal revenue sharing dollars over a 20-year period, has the attention of leaders in one of those key states – Virginia.

A group of 21 Virginia businesses, associations and other organizations have written to federal officials in support of opening more of the U.S. outer continental shelf (OCS) to safe development. The comments were filed with the Bureau of Ocean Energy Management (BOEM), which is putting together a new federal offshore leasing plan that will blueprint development from 2019-2024. 

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Fix the Russian Sanctions Legislation

russia  energy development  offshore development  us energy  spill 

Mark Green

Mark Green
Posted July 6, 2017

Sanctions are a valuable tool of American foreign policy, but U.S. Senate legislation intended to increase sanctions against Russia could harm the competitiveness of a range of U.S. energy companies working around the world, posing risks to U.S. jobs, the economy and individual Americans – and possibly benefiting Russian interests. The House of Representatives should make critical modifications to avoid these unintended consequences while strengthening the package to advance U.S. interests.

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Advancing Safe Offshore Development

offshore development  ocs leasing plan  seismic survey  safe operations  interior department  spill 

Mark Green

Mark Green
Posted May 16, 2017

Last month’s presidential executive order aimed at increasing access to U.S. offshore natural gas and oil reserves is starting to bear fruit with two important developments from the Interior Department, which oversees access to federal offshore and onshore resources. … Both are welcome developments. America’s future energy security largely depends on safe development of offshore energy. Increasing access to offshore natural gas is critically important with 94 percent of federal offshore acreage currently off limits.

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Withdraw Energy-Hindering Jones Act Proposals

offshore development  oil and natural gas  regulation  jobs  economic losses  spill 

Mark Green

Mark Green
Posted April 7, 2017

Earlier this year Customs and Border Protection Agency proposed modifications and revocations to approximately 30 identified rulings under the Jones Act. An economic study by energy consulting firm Calash says these changes likely would lead to decreased offshore oil and natural gas development, resulting in a number of significant negative impacts.

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Energizing North Carolina

north carolina  offshore development  vote4energy  states2016 

Mark Green

Mark Green
Posted September 8, 2016

Keeping offshore energy under wraps hinders U.S. security and blocks states like North Carolina from realizing the job and economic benefits that could come with safe development. North Carolinians recognize the potential benefits for their state as well as the nation, 64 percent of registered state voters saying they support offshore development.

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Energizing Alaska

alaska  offshore development  oil and natural gas  us energy security  vote4energy  states2016  spill 

Mark Green

Mark Green
Posted August 31, 2016

Alaska represents a major part of America’s energy past, present and future. North Slope oil production – accounting for more than 95 percent of Alaska’s overall output – and the Trans-Alaska Pipeline that connects the oil fields with Valdez in the south were and are critically important to our country’s energy security. To ensure America’s future energy security, it’s imperative that Arctic oil and natural gas production in the Chukchi and Beaufort seas off Alaska’s northern coast be included in the United States’ strategic energy planning.

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Energizing South Carolina

vote4energy  south carolina  oil and natural gas  offshore development  states2016  spill 

Mark Green

Mark Green
Posted August 10, 2016

Our blog series on the 50 states of energy continues today with South Carolina – another piece of the national energy equation whose sum is an American energy superpower, leading the world in oil and natural gas production.

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America Needs Forward-Looking Offshore Energy Plan

offshore development  oil and natural gas  safe operations  alaska  arctic  boem  spill 

Mark Green

Mark Green
Posted May 20, 2016

Near year’s end the federal Bureau of Ocean Energy Management (BOEM) is scheduled to release its offshore oil and natural gas leasing program for 2017-2022.

For more than a year BOEM has methodically worked to craft a program that will blueprint offshore development into the next decade and beyond, developing drafts, receiving comments from the public as well as inputs from elected officials in affected states.

With the United States emerging as the world’s leading producer of oil and natural gas, planning America’s offshore oil and gas development has never been more important. The United States must have an offshore oil and natural gas program that reflects America’s energy superpower status.

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