ABSTRACT

Five-Year Program for Federal Offshore Oil and Gas Leasing: Status and Issues in Brief [January 8, 2018]   [open pdf - 955KB]

"Under the Outer Continental Shelf Lands Act (OCSLA), as amended, the Bureau of Ocean Energy Management (BOEM) must prepare and maintain forward-looking five-year plans-referred to by BOEM as five-year programs-for proposed public oil and gas lease sales on the U.S. outer continental shelf (OCS). On January 4, 2018, BOEM released a draft proposed program (DPP) for the period from 2019 through 2024. The DPP proposes 47 lease sales during the five-year period: 12 in the Gulf of Mexico region, 19 in the Alaska region, 9 in the Atlantic region, and 7 in the Pacific region. The DPP would make available more than 90% of the total OCS acreage and more than 98% of undiscovered technically recoverable oil and gas resources on the OCS. [...] The leasing decisions in BOEM's five-year programs may affect the economy and environment of individual coastal states and of the nation as a whole. Accordingly, Congress typically has been actively involved in planning and oversight of the five-year programs. The following discussion summarizes recent developments related to the leasing programs and analyzes selected congressional issues and actions. The history, legal and economic framework, and process for developing the programs are discussed in CRS [Congressional Research Service] Report R44504, 'The Bureau of Ocean Energy Management's Five-Year Program for Offshore Oil and Gas Leasing: History and Final Program for 2017-2022.'"

Report Number:
CRS Report for Congress, R44692
Author:
Publisher:
Date:
2018-01-08
Copyright:
Public Domain
Retrieved From:
Via E-mail
Format:
pdf
Media Type:
application/pdf
URL:
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