Volume 48| January 9, 2018
Recap of BOEM's New National OCS Program with U.S. Department of Interior Secretary Ryan Zinke
Secretary Zinke Announces Plan For Unleashing America's Offshore Oil and Gas Potential
WASHINGTON – U.S. Secretary of the Interior Ryan Zinke today announced the next step for responsibly developing the National Outer Continental Shelf Oil and Gas Leasing Program (National OCS Program) for 2019-2024, which proposes to make over 90 percent of the total OCS acreage and more than 98 percent of undiscovered, technically recoverable oil and gas resources in federal offshore areas available to consider for future exploration and development. By comparison, the current program puts 94 percent of the OCS off limits. In addition, the program proposes the largest number of lease sales in U.S. history.
“Responsibly developing our energy resources on the Outer Continental Shelf in a safe and well-regulated way is important to our economy and energy security, and it provides billions of dollars to fund the conservation of our coastlines, public lands and parks,” said Secretary Zinke. “Today's announcement lays out the options that are on the table and starts a lengthy and robust public comment period. Just like with mining, not all areas are appropriate for offshore drilling, and we will take that into consideration in the coming weeks. The important thing is we strike the right balance to protect our coasts and people while still powering America and achieving American Energy Dominance"
See what others are saying about the Plan:
Woodmac: Record production ahead for U.S. Gulf of Mexico via Offshore Energy Today
In a podcast released on Thursday, William Turner, Woodmac’s Senior Research analyst said he expected the U.S. Gulf of Mexico to reach an all time record this year. Furthermore, Woodmac goes a year further, with Turner saying that production record could be broken again in 2019.

“In 2018 we expect to see nearly 2 million barrels equivalent per day, with about 80 percent being oil.”

Turner said that for 2018 the fields that will be driving almost half of the growth are one new field,  Stampede , which Wood Mackenzie expects to see coming online “any day now,” and five others that are expansions of legacy fields of Gulf of Mexico.
Editor’s Opinion: Trump’s drilling plan could yield local jobs if ... via Daily Comet
Though results remain to be seen, President Donald Trump is already starting to deliver on a promise to make friends with the oil industry that fuels Houma-Thibodaux and Louisiana’s economies.

Interior Secretary Ryan Zinke’s announcement Thursday the administration’s will seek to open 90 percent of federal waters off U.S. coasts to oil and gas drilling drew uniform praise from industry officials and advocates locally and nationwide. Also predictably, it drew widespread opposition from environmentalists and lawmakers in several states that have long opposed drilling off their shores.

Houma-Thibodaux and Louisiana know a lot about the pros and cons of offshore oil and gas drilling. This community has seen the best of times during the booms that have led to plenty of jobs and economic prosperity. 
Shell keeps deepwater viable with Appomattox project via Offshore Magazine
Shell has revamped its deepwater strategy to fit the needs of a low oil price environment, and its Appomattox project in the Gulf of Mexico is a key example of how the company is keeping deepwater not only profitable, but also competitive with onshore projects.

With the recent completion and arrival of the hull in Texas, and construction of the host platform and fabrication of subsea infrastructure currently underway, the Appomattox project is more than 65% complete. First production is scheduled for 2020.
Drill, baby, drill? via Houma Today
The Trump administration’s newly announced plan to open 90 percent of federal waters off the U.S. coast to drilling has sparked debate over what it means for Houma-Thibodaux’s offshore-oil-based economy.

“Good -- more jobs,” Gibson native Dinah Briggs said in a lively discussion on The Courier’s Facebook page.

“Drill, baby, drill,” said Hank Holland of Lockport. “This is great.”
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Gulf Economic Survival Team | 985-448-4485 | gulfeconomicsurvival.org
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