U.S. Senate Panel Approves Opening of Lease Sale 181 Area


Lease Sale 181 - GOM
(Click to Enlarge)
The Senate Energy and Natural Resources Committee voted 16-5 this morning to approve legislation opening 3.6 million acres of the Gulf of Mexico's coveted Lease Sale 181 area to oil and gas drilling.

The panel approved the bipartisan measure without revision, but several senators say they plan to offer amendments on the Senate floor. Sen. Mel Martinez (R-Fla.) said he plans to propose a competing measure that creates permanent protections for coastal Florida and would leave a much smaller part of the 181 area open to energy development than the bill approved by the committee.

Meanwhile, Sen. Mary Landrieu (D-La.) remains in discussion with the bill's lead sponsors, committee Chairman Pete Domenici (R-N.M.) and ranking member Jeff Bingaman (D-N.M.), about amending the bill to provide coastal assistance funding to Louisiana and other gulf states with offshore oil and gas production.

Landrieu wants to provide states a share of offshore leasing and production revenues, which Bingaman opposes. After the committee passed the bill, she said new coastal funding that does not include "revenue-sharing" is on the table.

"We are open to alternatives that would meet our objective of a long-term, reliable stream of revenue," she told reporters.

Copyright 2006 Greenwire. All Rights Reserved. Visit E&E Publishing for a free trial.

Related Companies
 Company: Minerals Management Service (MMS)more info
 - Obama Names New Head of MMS (Jun 15)
 - Abbey Implements New Drilling Requirements (Jun 7)
 - MMS Chief Resigns (May 27)
For More Information on the Offshore Rig Fleet:
RigLogix can provide the information that you need about the offshore rig fleet, whether you need utilization and industry trends or detailed reports on future rig contracts. Subscribing to RigLogix will allow you to access dozens of prebuilt reports and build your own custom reports using hundreds of available data columns. For more information about a RigLogix subscription, visit www.riglogix.com.
Events  SUBSCRIBE TO OUR NEWSLETTER

Our Privacy Pledge
SUBSCRIBE


Most Popular Articles


From the Career Center
Jobs that may interest you
Instrumentation & Electrical Project Estimator
Expertise: Electrician|Estimating|Project Management
Location: Spring, TX
 
Rockies Regional Instrumentation & Electrical Operations Manager
Expertise: Business Development|Electrician|Operations Management
Location: Durango, CO
 
Operator Assistant
Expertise: Regulatory Compliance|Rig Mover|Wireline
Location: Bakersfield, CA
 
search for more jobs

Brent Crude Oil : $53.96/BBL 0.35%
Light Crude Oil : $51.36/BBL 0.21%
Natural Gas : $3.209/MMBtu 0.34%
Updated in last 24 hours