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Energy Tomorrow Blog

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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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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Energy’s Continued Decline on Federal Lands

oil and natural gas development  federal lands  regulation  permitting  access  leasing  blm 

Mark Green

Mark Green
Posted January 15, 2015

Charting some of the latest Bureau of Land Management (BLM) data on federal oil and natural gas activity – which mostly shows continuing decline.

First, BLM issued fewer new oil and natural gas leases in fiscal year 2014 than in any year since FY1988. That year 9,234 new leases were issued, a number that fell to 1,157 in FY2014. Last year’s number was a retreat from FY2013, when 1,468 new leases were issued.

Other indicators also show declining oil and natural gas opportunity in areas controlled by the federal government.

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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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Better Planning For a Better Energy Future

offshore access  oil and natural gas development  regulation  seismic survey  leasing plan  economic growth  outer continental shelf 

Mark Green

Mark Green
Posted June 16, 2014

With the Interior Department turning its attention to the next five-year offshore leasing plan, here’s a figure to keep in mind: 87 percent. That’s how much of our federal offshore acreage is off limits for energy development – and it’s costing us energy, jobs and economic growth.

Andy Radford, API senior policy advisor, set out some of the arguments for increasing access to energy reserves in the next five-year leasing plan during a conference call with reporters.

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Hindering the Energy Revolution

leasing regulations  permitting  drilling  oil and natural gas development  energy information agency  blm 

Mark Green

Mark Green
Posted April 8, 2014

On Monday, the U.S. Energy Information Administration (EIA) released a remarkable new projection showing that given certain conditions and with the right policies in place the United States could reach energy self-sufficiency within two decades. It’s the first time EIA has projected that net imports’ share of liquid fuels consumption could reach zero – basically, that domestic production would exceed imports. Key to EIA’s scenario: access to domestic reserves.

On Tuesday, new Bureau of Land Management data showed that if EIA’s projection is to be realized, a new approach to energy development on federal lands will be needed. BLM statistics show that leasing and permitting on federal lands in fiscal year 2013 both were down, hitting their lowest numbers in years. Also down: new wells drilled.

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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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Idle Leases and Yogi Berra, Again

permitting  leasing  exploration  energy policy  energy  domestic energy  access 

Mark Green

Mark Green
Posted October 22, 2012

t’s tempting – while contemplating a rebuttal to the latest claim that oil companies pay billions of dollars to “sit” on federal oil and natural gas leases in the Gulf of Mexico – to simply refer to previous rebuttals when the claim was made in 2009 and again last year.

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