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Energy Tomorrow Blog

America’s Offshore Opportunity

oil and natural gas development  safe operations  leasing plan  offshore drilling  economic benefits  atlantic ocs  gulf of mexico  alaska  pacific outer continental shelf ocs  interior department  boem  federal leases 

Mark Green

Mark Green
Posted January 28, 2015

Three maps, two views of America’s offshore energy wealth.

One reflects vast offshore oil and natural gas resource potential – nearly 50 billion barrels of oil and more than 200 trillion cubic feet of natural gas. We say potential because these areas represent the 87 percent of America’s federal offshore acreage that has been closed to exploration and development, dwarfing the areas where development is allowed.    

Nonetheless, what’s visible is the profile of an offshore energy giant, an offshore superpower. This is energy muscle waiting to be flexed. These are resources that could benefit Americans in terms of energy security, as more oil and natural gas is safely and responsibly produced right here at home, as well as job creation and economic stimulus.

That’s what energy superpowers do. They develop their resources to increase their security in a world where secure energy is fundamental to overall security. They develop their resources to fuel economic growth and to help ensure the prosperity of their citizens.  

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A Bipartisan Call for Offshore Energy

offshore development  outer continental shelf  ocs leasing plan  oil and natural gas access  atlantic ocs  boem 

Mark Green

Mark Green
Posted August 4, 2014

Members of the U.S. House and Senate are weighing in with Interior Secretary Sally Jewell on the administration’s new five-year oil and natural gas leasing program, and the message is fairly simple: open more of the outer continental shelf (OCS) for exploration and development.

Interior has begun work on the new leasing program that will cover 2017 to 2022. The plan is critical to offshore development because it lists areas where the federal government could hold auctions for oil and natural gas drilling leases. It lets energy companies know where to concentrate research efforts that guide bids on specific lease blocks. Currently, 87 percent of the offshore area under federal control is closed to development.

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Across Party, Age and Gender – Strong Support for Offshore Drilling

offshore energy development  oil and natural gas access  atlantic ocs  outer continental shelf  drilling  economic growth 

Mark Green

Mark Green
Posted July 23, 2014

There are three connected points in a new poll of registered U.S. voters on domestic oil and natural gas development that should resonate in Washington: Strong majorities of registered voters support more domestic drilling and production, they don’t think the federal government does enough to encourage development of domestic resources and they’re inclined to vote for political candidates who support oil and natural gas development here at home.

AP Upstream Group Director Erik Milito talked about the survey of 1,012 registered voters and issues related to increasing access to domestic oil and natural gas reserves during a conference call with reporters:

“Voters from across the political spectrum want to find and tap the vast oil and natural gas resources waiting to be discovered off our shores. Our industry stands ready to do the job safely and responsibly, and the benefits to our economy and our national security are impossible to deny. All the federal government needs to do is say, ‘Yes.’”

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America’s Growing Energy Abundance

atlantic ocs  outer continental shelf  offshore exploration  boem  oil and natural gas development  regulation 

Mark Green

Mark Green
Posted July 16, 2014

The federal Bureau of Ocean Energy Management (BOEM) has newly revised resource estimates for the Atlantic outer continental shelf (OCS). Are you sitting down?

BOEM now believes areas within the 200 nautical mile U.S. Exclusive Economic Zone off the Atlantic Coast, from Maine to Florida, could hold 4.72 billion barrels of technically recoverable oil and 37.51 trillion cubic feet of technically recoverable natural gas. Those numbers are 43 percent and 20 percent higher, respectively, than the last government estimate of the Atlantic OCS done in 2011.

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Gulf Lease Auction Points to Our Offshore Potential

offshore leases  offshore development  outer continental shelf  gulf of mexico  eastern gulf of mexico  atlantic ocs  job creation 

Mark Green

Mark Green
Posted March 19, 2014

This week’s central Gulf of Mexico lease auction, which saw oil and natural gas companies pledge more than $850 million in winning amounts, certainly helps support the United States’ status as an energy superpower. Developing more of our own oil and natural gas – and this week’s auction is a big step toward production – makes our country more energy secure, creates jobs and boosts the U.S. in global energy marketplace.

The potential benefits from future energy production from this week’s auctioned leases – jobs, economic growth and revenue for government – also suggest a couple of “what ifs”: What if the federal government included the Atlantic Outer Continental Shelf (OCS) in its next five-year leasing plan, the first step toward development in those areas? What if the U.S. opened more of the eastern Gulf to exploration and development?

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A Step Forward for Jobs and Security

seismic survey  seismic technology  offshore development  outer continental shelf  atlantic ocs 

Mark Green

Mark Green
Posted February 27, 2014

The federal government has released its environmental review on the potential impacts of seismic surveying on the Atlantic outer continental shelf (OCS) – testing that’s key to future oil and natural gas development off the U.S. coast, from Delaware to central Florida. That development could significantly add to domestic energy production, create jobs and stimulate economic growth and strengthen America’s energy security.

By permitting seismic surveying in the Atlantic and including Atlantic lease sales in the federal government’s next five-year leasing plan, we could see major benefits, according to a study by Quest Offshore Resources.

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Looking to the Atlantic For Energy, Jobs

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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Unlock the OCS, Unlock Energy Potential

natural gas  energy  atlantic ocs  oil 

Mark Green

Mark Green
Posted February 20, 2013

The map below makes clear that while there’s talk in Washington of an all-of-the-above approach to energy, there’s much to be done in applying that concept to our outer continental shelf (OCS) oil and natural gas reserves. Other claims notwithstanding, the number to focus on is 87 – as in the 87 percent of federal offshore acreage that’s off limits to oil and natural gas development, indicated in red.

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Virginia's Offshore Potential

access  domestic energy  energy  energy policy  government revenue  offshore drilling  outer continental shelf  virginia  atlantic  offshore drilling ban 

Jane Van Ryan

Jane Van Ryan
Posted January 10, 2011

Despite the administration's decision to ban offshore drilling in the Atlantic for at least seven years, many Virginia residents continue to look forward to the time when their portion of the Outer Continental Shelf (OCS) can produce energy as well as bring jobs and revenues to the Commonwealth.

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