Oil & Gas Prospects in Washington, DC Randall Luthi President, National Ocean Industries Association
"That depends a good deal on where you want to get to.""I don't much care where –Then it doesn't matter which way you go.” Lewis Carroll, Alice in Wonderland “Would you tell me, please, which way I ought to go from here?"
Produce for the Future EIA Annual Energy Outlook 2014 Early Release Overview: December 16, 2013
US Oil Production is up…WHERE is it? State and Private Production Accounts for 96% of Increase Million barrels per day CRS U.S. Crude Oil & Natural Gas Production in Federal and Non-Federal Areas 2013
Access Still Matters Off Limits Under Federal Law or Moratorium Available for Energy Exploration but closed to leasing due to current Federal Policy Available for Production & Exploration
What is and what could be Off Limits Under Federal Law or Moratorium Available for Energy Exploration but closed to leasing due to current Federal Policy Available for Production & Exploration
Timetable - OcS oil & Gas Leasing Program 2017-2022 Current program ends New program begins Program Approval Proposed Final Program & Final EIS [60-day waiting period] Proposed Program & Draft EIS [90-day period] Draft Proposed Program [60-day period] 2012-2017 Program Expires End of JUNE OF 2017 Development of the Plan Takes Up to Three Years Request for Comments and Information [45-day period] ThisYear
opportunities still exist for expanding into new areasRipe for Development • The Mid and South Atlantic extending from Virginia to Georgia have bi-partisan support for the expansion of offshore oil and gas • The Eastern Gulf of Mexico is another area that if opened today would be ready for expansion to the edge of Florida • Florida is currently the only Southern state to oppose expansion. This could change if coastal state revenue haring becomes the law.
Alaskan arctic exploration BOEM April 2013
Accidents Are always a Possibility Safety is always a top priority but the industry must always be prepared for the possibility of another accident.
Seismic Shutdown Oceana Talking Points • Airguns used in seismic testing are 100,000 times more intense than a jet engine • Seismic testing in the Atlantic would injure or kill 138,500 whales and dolphins and disturb millions more according to “government estimates” • Seismic airguns could be heard 100,000s of miles away
The Unintended consequences of the National Ocean Policy and Coastal Marine Spatial Planning
Dick Alario Chairman, President& CEO Key Energy Services; Chairman, National Ocean Industries Association @oceanindustries Ocean Industries