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Energy Tomorrow Blog

Offshore Energy Revenues Boost State Conservation, Coastal Protection

conservation  offshore energy  revenues 

Jessica  Lutz

Jessica Lutz
Posted May 2, 2019

Offshore energy development has delivered yet another economic and conservation boost to states – this time to the tune of $215 million.

The U.S. Department of the Interior disbursed the funds last week to the four Gulf natural gas and oil producing states – Alabama, Louisiana, Mississippi and Texas, and their coastal political subdivisions – for use toward coastal conservation and hurricane protection projects. And the best part? Not a single dollar came from taxpayers.


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What Louisiana Can Tell Virginia About Safe Offshore Development

offshore energy  safe operations  oil and natural gas 

Mark Green

Mark Green
Posted January 10, 2019

Coastal states that have hosted offshore natural gas and oil development for decades illustrate how advanced industry technologies and an emphasis on safety – protecting people and the environment – make offshore energy a great opportunity for other states.

A diverse group of business and industry leaders from Virginia – which could be included in the administration’s soon-to-be-unveiled offshore leasing program – recently visited Louisiana, which has had a long, successful experience with offshore development.

The visiting delegation wanted to see first-hand how offshore operations affect coastal areas, individual communities, the state and regional economy, other water activities and more – all feeding enthusiasm for what safe and responsible offshore energy could mean for Virginia.


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The Transforming Economic Power of Offshore Energy

offshore energy  economic growth  jobs  us energy security 

Mark Green

Mark Green
Posted November 28, 2018

During an Explore Offshore discussion on Capitol Hill, it’s not hard to pick out the good reasons for safely and responsibly developing offshore natural gas and oil: long-term U.S. energy and national security, jobs and economic stimulus, revenues to states, global leadership and more.

There’s not a more compelling reason than the way offshore development can create hope and opportunity for people who historically have struggled to gain access to both – a point made by Stephen Gilchrist, Explore Offshore state chairman for South Carolina.


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Tax Revenues From Offshore Energy Will Benefit States, Studies Find

offshore energy  tax revenues  florida  north carolina  virginia  south carolina  georgia 

Mark Green

Mark Green
Posted November 19, 2018

As we wait for the Trump administration to unveil the next federal offshore leasing program, which will guide offshore natural gas and oil development the next five years, new studies affirm what we’ve been saying about the economic boost outer continental shelf (OCS) leasing could give to coastal states – in the form of cumulative tax revenues over a 20-year forecast period. …

Individually, each state is looking the potential for big numbers and big benefits across the entire state. They follow studies earlier this year finding that through offshore leasing these states together could see billions in projected industry spending and the creation of hundreds of thousands of jobs.


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Offshore Energy, Conservation and Outdoor Recreation

offshore energy  oil and natural gas  revenues  conservation  gulf of mexico 

Mark Green

Mark Green
Posted July 10, 2018

Offshore energy development works for the states – all of them.

The U.S. Interior Department recently announced that $61.6 million in revenues from offshore oil and natural gas will be distributed to all 50 states, U.S. territories and the District of Columbia – via grants that support state conservation and outdoor recreation projects.

Ponder that: You don’t have to be a coastal state; you don’t have to be a producing state. Under the Gulf of Mexico Energy Security Act (GOMESA), everyone benefits from offshore natural gas and oil revenues that are earmarked for Land and Water Conservation Fund (LWCF) grants. 

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'Explore Offshore' Coalition Backs More Access to Offshore Energy

offshore energy  oil and natural gas  safe operations  economic benefits 

Mark Green

Mark Green
Posted June 8, 2018

Our industry supports increased access to America’s offshore natural gas and oil. The benefits promise to be broad for coastal states and the entire country. Responsible development is safe, well-regulated and compatible with other uses, including those of our military.

To advance the nation’s strategic interests that are tied to careful offshore natural gas and oil, API this week announced the launch of “Explore Offshore,” a diverse coalition of more than 100 local leaders, community organizations, businesses and associations from five Atlantic and Gulf Coast states that supports increased offshore access. 

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Energy and Military Compatibility in the Eastern Gulf

access  eastern gulf of mexico  offshore energy  security  military 

Mark Green

Mark Green
Posted May 16, 2018

For some time we’ve stressed that offshore oil and natural gas production is compatible with a variety of other ocean uses such as fishing and tourism – and most significantly, with the U.S. military’s need for open-water areas to conduct training exercises, advanced weapons testing and the like. Industry has a long track record of developing offshore energy in a manner that successfully coexists with the military’s needs in the Gulf of Mexico and other areas.

The same would be true in the Eastern Gulf of Mexico if a moratorium on offshore development there, in place since 2006, is allowed to expire in 2022 – creating access to key new areas for safe exploration and development of strategically important oil and natural gas. A new analysis by the Defense Department agrees

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Offshore Energy the ‘Golden Egg’ for Coastal States

offshore energy  economic benefits  north carolina  virginia  florida  south carolina  georgia 

Mark Green

Mark Green
Posted March 23, 2018

Safely tapping America’s offshore natural gas and oil reserves could provide billions of dollars for the economies of coastal states – a big reason why the needs and voices across entire states, not just their coastal areas, must be considered in the offshore energy conversation.

For example, federal revenue sharing could help transform state economies by sending billions in royalties, rentals and fees to state coffers. By putting revenue-sharing programs in place – like those already working for the states of Alabama, Louisiana, Mississippi and Texas – North and South Carolina, Virginia, Florida, Georgia and other states could benefit from offshore energy development. 

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What They’re Saying About U.S. Offshore Energy

offshore energy  us energy security  north carolina  virginia  south carolina 

Mark Green

Mark Green
Posted February 27, 2018

A fact-based conversation about America’s offshore strategy is critically important as policymakers make decisions that affect all Americans. Underscore the words “fact-based conversation.” While there’s passion associated with this issue, emotion can get in the way of sound policy – which is what we need for America’s energy and national security. Our vast offshore oil and natural gas potential has strategic, long-term importance and should be addressed accordingly with all voices, not just the loudest ones, heard.

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Yes, Industry Supports Increased Offshore Access

offshore energy  access  us energy security  technology  safe operations 

Mark Green

Mark Green
Posted January 25, 2018

Opening new access to federal natural gas and oil reserves – offshore and onshore – is vital to growing America’s energy renaissance. Yet, every now and then some suggest our industry isn’t interested in exploring and developing new areas, particularly offshore. They just haven’t been listening. The fact is natural gas and oil companies strongly support increased access to offshore reserves and are saying so publicly – offering a number of strong reasons the federal government should create a robust offshore leasing program for the 2019-2024 timeframe.

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