LMOGA Urges Continued Progress Towards 5-Year Leasing Program in Gulf

05 19, 2022 by LMOGA

The Louisiana Mid-Continent Oil & Gas Association (LMOGA) issued the following statement in response to Secretary of the U.S. Dept. of Interior Haaland’s testimony before the U.S. Senate Energy and Natural Resources Committee hearing today where she announced that the Biden Administration will publish a proposed five-year OCS leasing plan which includes the Gulf of Mexico by June 30, 2022. The current five-year plan expires June 30. Without a new final five-year plan there will be a lapse in scheduled offshore lease sales.

“Today’s announcement by Secretary Haaland is a needed, but much delayed first step towards the creation of a new five-year leasing plan for the OCS and the Gulf of Mexico said Tommy Faucheux, LMOGA President.  “As we heard in today’s hearing, there is bipartisan support amongst U.S. Senators and the Outer Continental Shelf Governors Coalition for a new Gulf of Mexico leasing plan and the resumption of lease sales. We join in that support and urge DOI to move forward on a new five-year plan without further delay with the clear intention of resuming lease sales. This will benefit energy consumers across America, while also continuing to provide jobs and revenue for coastal restoration and hurricane protection projects here in Louisiana.” 

“As one of the lowest carbon-intensive producing regions in the world, the Gulf of Mexico energy industry stands ready to work collaboratively towards achieving our climate goals and meeting global energy demands, but to do so we need policies in place that support domestic energy production in federal waters,” Faucheux said.