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Started By
Message
U.S. Department of Interior raises cap on state payouts from Federal GOA energy leases
Posted on 8/14/25 at 9:47 am
Posted on 8/14/25 at 9:47 am
quote:
Gulf states will get a new boost in shared revenue from offshore oil and gas leases, the Department of the Interior announced Tuesday.
The Trump administration has raised the cap on how much states can receive from energy leases on the Gulf of Mexico’s (Gulf of America’s) Outer Continental Shelf from $500 million to $650 million annually. The funds are given to coastal states participating in offshore energy — Alabama, Louisiana, Mississippi and Texas.
“The Trump administration is committed to unleashing American energy, reducing reliance on foreign sources and strengthening coastal communities,” Interior Secretary Doug Burgum said in a news release. “This increase in revenue sharing rewards the states that power our economy and ensures they have the resources to build resilient infrastructure, protect their coastlines and grow local jobs.”
The cap increases were required under President Donald Trump’s megalaw, which also mandated new oil and gas lease sales in the Gulf, which the Trump administration renamed the Gulf of America
LINK
Alabama, Mississippi, Louisiana and Texas politicians may soon have additional funds for their own truck nuts. Maybe a pair on every state vehicle?
This post was edited on 8/14/25 at 9:50 am
4
Posted on 8/14/25 at 9:48 am to ragincajun03
quote:
Gulf of Mexico’s
does not exist
Posted on 8/14/25 at 9:59 am to ragincajun03
Drill baby drill!
Posted on 8/14/25 at 10:44 am to ragincajun03
quote:
which the Trump administration renamed the Gulf of America
So gay.
Posted on 8/14/25 at 11:11 am to ragincajun03
This is a good thing. Until five or so years ago La got screwed on this kind of stuff thanks to our stupid corrupt politicians and their actions decades ago. Texas got more than us for a long time.
Posted on 8/14/25 at 12:51 pm to notiger1997
quote:
This is a good thing. Until five or so years ago La got screwed on this kind of stuff thanks to our stupid corrupt politicians and their actions decades ago. Texas got more than us for a long time
They still do because their state waters extend further and they still get GOMESA sharing. Graves was working on it, but lost his seat before anything could be passed regarding extending the state waters from 3 to 9 nautical miles to match Texas and Florida.
Posted on 8/14/25 at 5:57 pm to KamaCausey_LSU
quote:
Graves was working on it, but lost his seat before anything could be passed
Hrm....
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