The Bureau of Ocean Energy Management announced the agency’s completion of its required evaluation that fair market value is received for tracts leased as part of Central Gulf of Mexico Lease Sale 231 (which took place in March 2014) and its awarding of 320 leases covering nearly 1.7 million acres.
The Coast Guard recently announced that it is seeking comments on its proposal to revise the National Preparedness for Response Exercise Program schedule to conduct area exercises on 4-year rather than 3-year cycles. Comments are due by Friday, September 5. Since 1994, the Coast Guard has held the exercises once every 3 years. The Coast… More »
In a 229-185 vote, the U.S. House of Representatives recently passed H.R. 4899 (“Lowering Gasoline Prices to Fuel an America That Works Act of 2014”). The bill in part would expand U.S. offshore oil and gas production (including through required lease sales in Virginia, South Carolina, and Southern California), expand revenue-sharing to states outside the… More »
This week the New York Court of Appeals upheld the right of localities to limit fracking through zoning laws, complicating any potential repeal by Governor Cuomo of the state-wide fracking moratorium. The verdict “may invigorate local challenges to fracking in other states and convince the industry to stay out of New York even if Cuomo… More »