LMOGA Urges U.S. House Appropriations to Allocate Funding to Federal Offshore Leasing in FY 2023 Budget

04 28, 2022 by LMOGA

The Louisiana Mid-Continent Oil & Gas Association (LMOGA) issued the following statement in response to the U.S. House Appropriations Subcommittee on Interior, Environment, and Related Agencies meeting today to discuss the Department of Interior proposed budget for fiscal year 2023:

“LMOGA urges Congress to appropriate funds for the Department of Interior (DOI) to execute the National Outer-Continental Shelf oil and gas leasing program by directing DOI to finalize lease sales authorized in the current plan and finalize a new 5-year plan in Fiscal Year 2023,” said Tommy Faucheux, LMOGA President. “Lease sales in the Gulf of Mexico yield a magnified benefit for Gulf coast communities in hurricane preparedness, coastal restoration, and job creation”

“Under the current administration, there has yet to be a lease sale fully executed in the Gulf of Mexico, and there seems to be no indication of a lease sale being issued anytime soon,” said Faucheux. “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.”