The People of America's Oil and Natural Gas Indusry

Energy Tomorrow Blog

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-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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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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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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crude-oil  energy-information-administration  oil-and-natural-gas-access  shale-energy  fracking  hydraulic-fracturing 

Mark Green

Mark Green
Posted April 11, 2014

Earlier this week the U.S. Energy Information Administration (EIA) blew back a lot of folks’ hair with the high oil-production scenario in its 2014 Annual Energy Outlook – projecting for the first time ever that the net import share of U.S. petroleum and other liquids could reach zero. By 2037. That’s amazing considering that less than a decade ago the import share was nearly 60 percent.

Next from EIA: New data on growing U.S. crude oil and lease condensate reserves – more evidence of the ongoing U.S. energy revolution.

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