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Energy Tomorrow Blog

Strengthen the Draft Offshore Leasing Plan

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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Roadblocking America’s Energy Revolution

energy regulation  oil and natural gas development  epa  boem  blm  fracking  economic growth  ozone  renewable fuel standard  methane  offshore drilling  access 

Mark Green

Mark Green
Posted March 24, 2015

Last week’s release of the federal Bureau of Land Management’s new hydraulic fracturing rule suggests it’s time to update an infographic we posted last summer on the administration’s regulatory march that could impede America’s energy revolution. 

Unfortunately, the administration’s plans for energy regulation aren’t encouraging – not if you truly grasp the historic opportunity that surging domestic production of oil and natural gas is providing the United States.

We’re talking about the complete rewrite of America’s energy narrative, from one of scarcity – limiting America’s economic possibilities and overshadowing its national security concerns – to one of abundance in which the U.S. is more self-sufficient, more prosperous and more secure in the world.

We call that historic, revolutionary, a true renaissance in American energy.

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Oil Markets, Regulatory Wisdom and Policy Vision

regulation  ozone  opec  oil markets  liquefied natural gas  energy exports  offshore leasing 

Mark Green

Mark Green
Posted March 18, 2015

The Hill: Business groups are waging war on the Obama administration’s proposal to reduce ozone pollution, arguing the regulations would cripple the U.S. economy.

In order to comply with the proposed rule, many areas of the country would have to all but shut down land development and oil and natural gas drilling, industry groups charged on the final day for comments.

The Environmental Protection Agency (EPA) is being spurred on by greens and health groups, who argue that lower ozone emissions would benefit public health. The agency, they contend, is obligated to adopt the stricter standards.

But the rules would translate to higher electric bills for American families, the American Coalition for Clean Coal Electricity is said in comments it filed Tuesday.

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Energy – To Change the World

oil production  american energy  fossil fuels  chevron  offshore platform  natural gas pipelines  ozone 

Mark Green

Mark Green
Posted March 16, 2015

Denver Business Journal: The boom in oil and natural gas production in North America, largely due to the new technologies of horizontal drilling and hydraulic fracturing, is changing the balance of power across the world, former Secretary of State Condoleeza Rice told attendees at the Vail Global Energy Forum.

Rice opened a two-day forum, which continues through Sunday, with remarks on Friday evening at the Beaver Creek Ski Resort in Vail. The forum, now in its third year, is growing. Nearly 400 people registered for the 2015 event, a 20 percent increase over the previous year, organizers said.

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Offshore Energy and South Carolina

offshore development  offshore drilling  south carolina  Energy Security  Economy  jobs  Offshore Production  Environment 

Mark Green

Mark Green
Posted February 20, 2015

Federal officials continue to hold public hearings on a draft offshore oil and natural gas leasing program that, when finalized, would largely determine where offshore energy development can occur from 2017 to 2022. Given the lead times needed for offshore development, the federal leasing program is vitally important to America’s energy production and energy security. Safe offshore development benefits the country but especially states that would host operations in their coastal waters. We’ve looked at how offshore oil and natural gas development would benefit Virginia and North Carolina – in terms of jobs and revenues generated for state budgets. Today, South Carolina.

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Offshore Energy and Florida

offshore drilling  offshore development  florida  florida offshore drilling  Economy  jobs  Energy Security 

Mark Green

Mark Green
Posted February 19, 2015

Like other states along the Atlantic coast, Florida could see substantial economic benefits from safe offshore oil and natural gas development – if Washington will allow it. That’s a big “if.” A draft oil and natural gas leasing program – the subject of a scheduled public hearing today in Jacksonville – provides for just one lease sale in the Atlantic and not until 2021, almost at the end of a plan that covers the 2017 to 2022 time period. That could leave Florida and other states on the outside looking in at the benefits of offshore development.

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Offshore Energy and North Carolina

offshore development  oil and natural gas access  north carolina  outer continental shelf  economic benefits 

Mark Green

Mark Green
Posted February 17, 2015

The federal Bureau of Ocean Energy Management (BOEM) is scheduled to hold a public hearing today in Wilmington, N.C., on its draft five-year offshore oil and natural gas leasing program. According to a study by Quest Offshore Resources, developing oil and natural gas on the North Carolina outer continental shelf could bring significant benefits.

These include 55,000 jobs in the state by 2035 and nearly $4 billion in revenues for the state’s budget by 2035, with revenue sharing in place.

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Offshore Energy and Virginia

offshore development  virginia offshore drilling  oil and natural gas access  job creation  government revenues  economic growth  interior department 

Mark Green

Mark Green
Posted February 11, 2015

With federal officials holding one in a series of public hearings on the Obama administration’s draft offshore oil and natural gas leasing program today in Norfolk, Va., it’s worth underscoring the benefits that offshore energy could bring to the commonwealth.

These include 25,000 jobs by 2035, according to a study by Quest Offshore Resources, and nearly $1.9 billion for the state’s budget by 2035, with revenue sharing in place.

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Embracing Offshore Abundance

offshore development  offshore access  oil and natural gas  economic benefits  Jack Gerard  outer continental shelf  safe operations 

Mark Green

Mark Green
Posted February 9, 2015

Let’s hope public hearings on the Obama administration’s draft offshore oil and natural gas leasing program – starting this week – help spark serious discussion of how the nation’s offshore energy reserves will be managed in the near future. Needed is greater public awareness of just how limited the administration’s approach is, reflected in a draft plan that simply doesn’t go far enough.

We say public awareness because the administration has been able to foster the perception that it favors more oil and natural gas development and energy infrastructure when, in fact, its policies have done little to support that development (did somebody mention the Keystone XL pipeline?).

In the case of offshore energy development, it’s important to move the administration toward a plan that actually increases access to reserves. The draft plan for offshore leasing for the 2017-2022 time period is less than meets the eye, offering just a single Atlantic lease sale in 2021 as part of the five-year program, which Interior Secretary Sally Jewell said could be withdrawn as the leasing plan process evolves. That’s not a balanced approach, that’s an attempt to manage the perceptions game.

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Access and Interior’s New Budget Request

access  interior department  onshore access  offshore access  federal lands  federal revenues  leasing  permitting 

Mark Green

Mark Green
Posted February 2, 2015

Taking a look at the president’s new budget request for the Interior Department, we see the administration asking for $13.2 billion, an increase of nearly $1 billion over the enacted funding level for the current fiscal year.

Now take a look at data from Interior’s Office of Natural Resource Revenue, which tabulates federal revenues from energy developed in federal areas onshore and offshore.

It’s a lot of information, but check the bottom line: For fiscal year 2013, revenues from oil and natural gas developed in federal areas totaled about $12.9 billion. For FY2014 the total was about $11.7 billion. Federal revenues from oil and natural gas development in FY2014 were about $1.2 billion less than in FY2013.

Interestingly, the amount of lost revenue is just about equal to Interior’s requested budget increase for FY2016. In other words, Interior lost $1.2 billion in revenue from 2013 to 2014 and basically is looking to taxpayers to fill in the gap in the next budget. 

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