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Dept of Interior Announces 11th National Outer Continental Shelf Oil & Gas Leasing Program

Posted on 4/18/25 at 3:57 pm
Posted by ragincajun03
Member since Nov 2007
25051 posts
Posted on 4/18/25 at 3:57 pm
quote:

WASHINGTON — Secretary of the Interior Doug Burgum today directed the Bureau of Ocean Energy Management to initiate the first step in a robust public engagement process to develop a new schedule for offshore oil and gas lease sales on the U.S. Outer Continental Shelf.

“Launching the process to develop the 11th National Outer Continental Shelf Program marks a decisive step toward securing American Energy Dominance,” said Secretary of the Interior Doug Burgum. “Through a transparent and inclusive public engagement process, we are reinforcing our commitment to responsible offshore energy development—driving job creation, bolstering economic growth and strengthening American energy independence. Under President Donald J. Trump’s leadership, we are unlocking the full potential of our offshore resources to benefit the American people for generations to come.”

BOEM will soon publish in the Federal Register a Request for Information and Comments on the preparation of the 11th National OCS Oil and Gas Leasing Program. This publication will initiate a 45-day public comment period and serve as the initial step in the multi-year planning process.


quote:

The OCS is a vital national resource, playing a critical role in America’s energy security. As of April 1, 2025, BOEM manages 2,227 active oil and gas leases covering approximately 12.1 million acres in OCS regions. Of these, 469 leases are currently producing oil and gas.

These leases generate billions of dollars in revenue for the U.S. Treasury and state governments
while supporting hundreds of thousands of American jobs. In fiscal year 2024 alone, production from OCS leases accounted for approximately 14% of domestic oil production and 2% of domestic natural gas production, yielding $7 billion in federal revenues.

Additionally, the OCS holds vast quantities of undiscovered energy resources. BOEM’s most recent assessment estimates a mean of 68.79 billion barrels of oil and 229.03 trillion cubic feet of natural gas.


LINK

Posted by Btrtigerfan
Disgruntled employee
Member since Dec 2007
22819 posts
Posted on 4/18/25 at 4:30 pm to
Gulf of America truck nuts. [ON]
Posted by 214
Geaux Tigers
Member since Mar 2025
3033 posts
Posted on 4/18/25 at 5:16 pm to
This post was edited on 4/18/25 at 5:17 pm
Posted by prplhze2000
Parts Unknown
Member since Jan 2007
54904 posts
Posted on 4/18/25 at 5:33 pm to
Wonder if JR will trick Cliff into bidding on this
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